Deutsche Bank AG Invests $2.70 Million in ABM Industries Incorporated $ABM

Deutsche Bank AG bought a new position in ABM Industries Incorporated (NYSE:ABM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 60,960 shares of the business services provider's stock, valued at approximately $2,697,000. Deutsche Bank AG owned approximately 0.10% of ABM Industries at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in ABM Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider's stock valued at $157,007,000 after acquiring an additional 24,213 shares in the last quarter. Invesco Ltd. increased its holdings in shares of ABM Industries by 31.7% in the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider's stock valued at $110,267,000 after purchasing an additional 575,273 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of ABM Industries by 30.0% in the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider's stock valued at $58,663,000 after purchasing an additional 351,407 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 purchasing an additional 897,402 shares during the last quarter. Finally, Norges Bank bought a new position in ABM Industries in the 4th quarter worth approximately $32,850,000. 91.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ABM. Weiss Ratings raised ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Robert W. Baird lifted their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $47.00.

ABM Industries Stock Down 1.2%

Shares of ABM stock opened at $47.19 on Friday. The firm's fifty day moving average price is $46.66 and its two-hundred day moving average price is $43.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. The firm has a market capitalization of $2.76 billion, a P/E ratio of 18.15, a PEG ratio of 1.25 and a beta of 0.69.

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 for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

Insider Activity at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the sale, the chief executive officer owned 395,285 shares of the company's stock, valued at $18,317,506.90. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company's stock.

ABM Industries 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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