ABM Industries Incorporated $ABM Shares Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its ABM Industries position by 70.8% in the third quarter, acquiring 293,172 additional shares for a total holding of 707,210 shares valued at approximately $34 million. Institutional investors collectively own 91.62% of the company.
• ABM reported quarterly earnings of $1.04 per share, exceeding analyst expectations of $1.01, while revenue rose 4.2% year over year to $2.32 billion. The company reaffirmed fiscal 2026 EPS guidance of $3.95 to $4.10.
• ABM declared a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 dividend and a 2.3% yield. Analysts remain cautious, with the stock carrying a consensus “Hold” rating and an average price target of $50.88.

Copeland Capital Management LLC raised its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 70.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 707,210 shares of the business services provider's stock after buying an additional 293,172 shares during the quarter. Copeland Capital Management LLC owned about 1.21% of ABM Industries worth $34,017,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Aberdeen Wealth Management LLC bought a new position in ABM Industries during the second quarter worth $25,000. IFP Advisors Inc increased its stake in ABM Industries by 183.7% during the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider's stock valued at $26,000 after purchasing an additional 382 shares during the last quarter. Continuum Advisory LLC bought a new stake in ABM Industries during the second quarter valued at $27,000. Nykredit A S acquired a new stake in shares of ABM Industries during the second quarter worth $36,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of ABM Industries during the second quarter worth $43,000. Institutional investors own 91.62% of the company's stock.

ABM Industries Stock Up 1.1%

ABM stock opened at $50.71 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $51.29. The firm's 50-day simple moving average is $48.49 and its 200 day simple moving average is $44.55. The stock has a market cap of $2.97 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.32 billion. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, sell-side analysts predict that ABM Industries Incorporated will post 4.00 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.3%. ABM Industries's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ABM shares. Robert W. Baird lifted their price target on shares of ABM Industries from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. Weiss Ratings raised shares of ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, September 28th. Wall Street Zen upgraded shares of ABM Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Truist Financial raised their target price on shares of ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a report on Monday, September 14th. Finally, UBS Group raised their target price on shares of ABM Industries from $45.00 to $51.50 and gave the stock a "neutral" rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.88.

About ABM Industries

ABM Industries Incorporated NYSE: ABM is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.

ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.

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