ABM Industries Incorporated $ABM Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its ABM Industries stake by 4.6% in the first quarter, selling 26,938 shares and retaining 553,105 shares valued at approximately $21.3 million. Institutional investors collectively own 91.62% of ABM’s stock.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year, but earnings of $0.90 per share fell short of the $0.92 analyst consensus. The company maintained fiscal 2026 EPS guidance of $3.85–$4.15.
• ABM declared a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 and a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $47, near the stock’s reported $47.11 price.

Bank of America Corp DE decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 553,105 shares of the business services provider's stock after selling 26,938 shares during the period. Bank of America Corp DE owned 0.94% of ABM Industries worth $21,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ABM. Dimensional Fund Advisors LP raised its position in shares of ABM Industries by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider's stock valued at $157,007,000 after buying an additional 24,213 shares during the last quarter. Invesco Ltd. boosted its position in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider's stock worth $110,267,000 after acquiring an additional 575,273 shares during the last quarter. Pzena Investment Management LLC grew its stake in ABM Industries by 30.0% in the 1st quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider's stock worth $58,663,000 after acquiring an additional 351,407 shares during the period. Ameriprise Financial Inc. grew its stake in ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider's stock worth $51,254,000 after acquiring an additional 897,402 shares during the period. Finally, Norges Bank acquired a new position in ABM Industries in the 4th quarter valued at $32,850,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Trading Down 1.3%

ABM stock opened at $47.11 on Wednesday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.26 and a beta of 0.69. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $46.33 and a 200-day simple moving average of $43.03. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period last year, the firm posted $0.86 EPS. ABM Industries's revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities research analysts expect that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries's payout ratio is 44.62%.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABM has been the subject of several analyst reports. Robert W. Baird upped their target price on ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 8th. Weiss Ratings raised ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $47.00.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company's core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.

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