Corient Private Wealth LP Has $2.86 Million Holdings in ABM Industries Incorporated $ABM

Key Points

• Corient Private Wealth increased its ABM Industries stake by 83.5% in the second quarter, bringing its holdings to 64,731 shares valued at approximately $2.86 million. Institutional investors collectively own 91.62% of the company.
• ABM reported quarterly earnings of $1.04 per share, exceeding estimates of $1.01, while revenue rose 4.2% year over year to $2.32 billion. The company issued fiscal 2026 EPS guidance of $3.95 to $4.10.
• ABM declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $50.88.

Corient Private Wealth LP raised its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 83.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,731 shares of the business services provider's stock after buying an additional 29,460 shares during the quarter. Corient Private Wealth LP owned 0.11% of ABM Industries worth $2,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of ABM Industries in the 1st quarter valued at approximately $12,739,000. Quantinno Capital Management LP grew its position in ABM Industries by 86.3% during the 1st quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider's stock worth $2,111,000 after purchasing an additional 25,388 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in ABM Industries during the 1st quarter worth approximately $1,002,000. BlackRock Inc. acquired a new stake in ABM Industries during the 2nd quarter valued at $410,948,000. Finally, Invenomic Capital Management LP raised its stake in ABM Industries by 25.9% during the 4th quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider's stock valued at $26,626,000 after purchasing an additional 129,614 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Price Performance

NYSE:ABM opened at $49.42 on Tuesday. The company's 50-day moving average price is $48.01 and its two-hundred day moving average price is $43.49. 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 12 month low of $36.96 and a 12 month high of $51.29. The firm has a market cap of $2.90 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.38 and a beta of 0.68.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. ABM Industries's revenue for the quarter was up 4.2% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities analysts anticipate that ABM Industries Incorporated will post 4.01 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 1st. ABM Industries's payout ratio is presently 41.88%.

Analyst Ratings Changes

ABM has been the subject of a number of research reports. Truist Financial raised their price objective on ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a research report on Monday, September 14th. UBS Group increased their target price on shares of ABM Industries from $45.00 to $51.50 and gave the stock a "neutral" rating in a research report on Wednesday, September 9th. Weiss Ratings cut shares of ABM Industries from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 11th. Finally, Robert W. Baird upped their price target on shares of ABM Industries from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, ABM Industries currently has a consensus rating of "Hold" and a consensus 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 and maintain their buildings and infrastructure through services that include janitorial and custodial work, engineering and maintenance, electrical and lighting solutions, HVAC services, landscaping, energy management, and facility operations.

ABM also provides specialized services for aviation, parking, education, healthcare, manufacturing, logistics, commercial real estate, sports and entertainment venues, and government facilities.

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