Empowered Funds LLC Invests $8.93 Million in ABM Industries Incorporated $ABM

Key Points

• Empowered Funds LLC acquired 201,881 ABM Industries shares worth approximately $8.93 million, representing about 0.34% of the company. Institutional investors collectively own 91.62% of ABM’s stock.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year and above estimates, but earnings of $0.90 per share narrowly missed expectations. The company maintained fiscal 2026 EPS guidance of $3.85–$4.15.
• ABM pays a quarterly dividend of $0.29 per share, equivalent to a 2.5% yield, while analysts have a consensus “Hold” rating and an average price target of $47—near the stock’s recent price.

Empowered Funds LLC purchased a new stake in ABM Industries Incorporated (NYSE:ABM - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 201,881 shares of the business services provider's stock, valued at approximately $8,931,000. Empowered Funds LLC owned approximately 0.34% of ABM Industries as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ABM. Aberdeen Wealth Management LLC acquired a new position in shares of ABM Industries in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider's stock worth $28,000 after purchasing an additional 520 shares during the last quarter. Quarry LP increased its position in shares of ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider's stock worth $41,000 after purchasing an additional 767 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of ABM Industries in the 2nd quarter valued at about $43,000. Finally, Western Wealth Management LLC purchased a new position in ABM Industries during the 1st quarter worth approximately $39,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Stock Performance

NYSE ABM opened at $47.24 on Friday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.69. The business's 50 day moving average is $46.72 and its two-hundred day moving average is $43.09. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $50.12. 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 (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts expect that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Announces Dividend

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

Insider Transactions at ABM Industries

In related 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

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

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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