CenterBook Partners LP Makes New $1.21 Million Investment in ABM Industries Incorporated $ABM

Key Points

• CenterBook Partners initiated a $1.21 million position in ABM Industries, buying 25,174 shares in the third quarter. Institutional investors collectively own 91.62% of the company.
• ABM reported quarterly adjusted earnings of $1.04 per share, beating the $1.01 consensus estimate; revenue rose 4.2% year over year to $2.32 billion. The company guided to fiscal 2026 EPS of $3.95–$4.10.
• Analyst views remain mostly neutral: the consensus rating is “Hold,” with an average price target of $50.88. ABM’s quarterly dividend is $0.29 per share, equivalent to a 2.2% annualized yield.

CenterBook Partners LP bought a new stake in ABM Industries Incorporated (NYSE:ABM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,174 shares of the business services provider's stock, valued at approximately $1,211,000.

Other institutional investors also recently modified their holdings of the company. Verity Asset Management Inc. acquired a new position in shares of ABM Industries during the 3rd quarter worth approximately $211,000. Pzena Investment Management LLC raised its position in shares of ABM Industries by 4.0% in the third quarter. Pzena Investment Management LLC now owns 1,880,964 shares of the business services provider's stock valued at $90,474,000 after buying an additional 72,761 shares in the last quarter. ProShare Advisors LLC raised its position in shares of ABM Industries by 41.8% in the third quarter. ProShare Advisors LLC now owns 218,944 shares of the business services provider's stock valued at $10,531,000 after buying an additional 64,584 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of ABM Industries in the third quarter valued at approximately $241,000. Finally, State of Wyoming boosted its stake in shares of ABM Industries by 18.6% in the third quarter. State of Wyoming now owns 17,413 shares of the business services provider's stock valued at $838,000 after buying an additional 2,733 shares during the period. Institutional investors own 91.62% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ABM. Robert W. Baird lifted their price objective on ABM Industries from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. Wall Street Zen raised ABM Industries from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Weiss Ratings upgraded ABM Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, October 13th. Truist Financial raised their price target on ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a research report on Monday, September 14th. Finally, UBS Group boosted their price target on ABM Industries from $45.00 to $51.50 and gave the company a "neutral" rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.88.

ABM Industries Stock Up 1.7%

Shares of ABM opened at $53.78 on Tuesday. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $55.70. The company has a market cap of $3.15 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $45.14.

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

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st were given a $0.29 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.2%. ABM Industries's dividend payout ratio (DPR) is currently 41.88%.

About ABM Industries

ABM Industries provides facility, infrastructure and building maintenance services to commercial, industrial and institutional customers. Its offerings include janitorial and custodial services, facility engineering and maintenance, parking and transportation services, and electrical and energy solutions.

The company serves a range of sectors, including commercial real estate, aviation, education, healthcare, manufacturing and distribution. Its services are delivered primarily across the United States, with operations in select international markets.

ABM traces its origins to 1909, when Morris Rosenberg founded a building maintenance business in San Francisco.

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