AlphaQuest LLC Reduces Position in ABM Industries Incorporated $ABM

Key Points

• AlphaQuest LLC reduced its ABM Industries stake by 60.1% in the fourth quarter, selling 56,376 shares and leaving it with 37,490 shares valued at about $1.59 million.
• ABM Industries reported mixed quarterly results: earnings of $0.83 per share missed estimates, but revenue of $2.24 billion came in above expectations and rose 6.1% year over year.
• Analysts remain cautious overall, with a consensus rating of “Hold” and an average price target of $46.25, while the stock recently traded around $40.10 and offers a 2.9% dividend yield.

AlphaQuest LLC cut its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,490 shares of the business services provider's stock after selling 56,376 shares during the quarter. AlphaQuest LLC owned about 0.06% of ABM Industries worth $1,586,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ABM. Caitong International Asset Management Co. Ltd boosted its holdings in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider's stock valued at $28,000 after purchasing an additional 520 shares during the last quarter. First Horizon Corp boosted its holdings in ABM Industries by 141.4% in the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider's stock valued at $37,000 after purchasing an additional 519 shares during the last quarter. Quarry LP boosted its holdings in ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider's stock valued at $41,000 after purchasing an additional 767 shares during the last quarter. Covestor Ltd boosted its holdings in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider's stock valued at $45,000 after purchasing an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in ABM Industries in the fourth quarter valued at $46,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ABM shares. UBS Group lowered their target price on shares of ABM Industries from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 11th. Robert W. Baird lowered their target price on shares of ABM Industries from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings lowered shares of ABM Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 4th. Maxim Group raised shares of ABM Industries from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research note on Wednesday, March 11th. Finally, Truist Financial lowered their target price on shares of ABM Industries from $47.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, ABM Industries has an average rating of "Hold" and a consensus target price of $46.25.

ABM Industries Stock Up 0.2%

ABM opened at $40.10 on Thursday. ABM Industries Incorporated has a twelve month low of $36.96 and a twelve month high of $52.94. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $39.33 and a 200 day moving average price of $42.29. The company has a market cap of $2.35 billion, a PE ratio of 15.79 and a beta of 0.74.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned $0.87 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts expect that ABM Industries Incorporated will post 3.94 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries's dividend payout ratio is 45.67%.

ABM Industries Company Profile

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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