First Trust Advisors LP Acquires 45,352 Shares of ABM Industries Incorporated $ABM

Key Points

• First Trust Advisors LP more than doubled its ABM Industries position in the first quarter, adding 45,352 shares to hold 81,020 shares valued at approximately $3.12 million. Institutional investors collectively own 91.62% of the company.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year and above estimates, but earnings per share of $0.90 fell short of the $0.92 consensus. The company maintained fiscal 2026 EPS guidance of $3.85–$4.15.
• ABM declared a quarterly dividend of $0.29, equivalent to an annualized $1.16 and a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $47, below the reported share price of $48.53.

First Trust Advisors LP boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 127.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,020 shares of the business services provider's stock after buying an additional 45,352 shares during the quarter. First Trust Advisors LP owned about 0.14% of ABM Industries worth $3,121,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of ABM Industries by 0.6% during 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 during the last quarter. KBC Group NV lifted its holdings in ABM Industries by 4,379.2% in the 1st quarter. KBC Group NV now owns 96,795 shares of the business services provider's stock worth $3,729,000 after purchasing an additional 94,634 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in ABM Industries by 7.2% during the first quarter. Illinois Municipal Retirement Fund now owns 33,824 shares of the business services provider's stock worth $1,303,000 after purchasing an additional 2,284 shares during the period. Bleakley Financial Group LLC grew its holdings in ABM Industries by 22.0% during the first quarter. Bleakley Financial Group LLC now owns 40,314 shares of the business services provider's stock valued at $1,553,000 after purchasing an additional 7,276 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in ABM Industries by 17,941.8% during the first quarter. Fifth Third Bancorp now owns 47,089 shares of the business services provider's stock valued at $1,814,000 after purchasing an additional 46,828 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Price Performance

Shares of NYSE:ABM opened at $48.53 on Friday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.28 and a beta of 0.69. The business has a 50 day moving average price of $45.15 and a 200 day moving average price of $42.89. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a twelve month low of $36.96 and a twelve month high of $50.12.

ABM Industries (NYSE:ABM - Get Free Report) last issued 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 return on equity of 11.84% and a net margin of 1.75%.The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The business's quarterly revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts predict that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, July 2nd. ABM Industries's dividend payout ratio (DPR) is currently 44.62%.

Analyst Upgrades and Downgrades

ABM has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of ABM Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 6th. Robert W. Baird raised their target price on shares of ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, ABM Industries has a consensus rating of "Hold" and an average target price of $47.00.

Insider Activity

In other 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 transaction of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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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