Hsbc Holdings PLC Boosts Holdings in ABM Industries Incorporated $ABM

Hsbc Holdings PLC grew its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 64.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,617 shares of the business services provider's stock after purchasing an additional 26,424 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of ABM Industries worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Aberdeen Wealth Management LLC purchased a new position in shares of ABM Industries during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its position in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider's stock valued at $28,000 after purchasing an additional 520 shares during the period. Western Wealth Management LLC acquired a new position in ABM Industries during the first quarter worth $39,000. Quarry LP lifted its stake in 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. Finally, Global Retirement Partners LLC purchased a new position in shares of ABM Industries during the second quarter worth $43,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ABM shares. UBS Group raised their target price on ABM Industries from $45.00 to $51.50 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird boosted 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. Finally, Weiss Ratings raised shares of ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. 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.com, the company has a consensus rating of "Hold" and an average price target of $49.88.

ABM Industries Price Performance

Shares of NYSE ABM opened at $48.97 on Friday. The stock's 50-day moving average is $47.32 and its two-hundred day moving average is $43.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.46. ABM Industries Incorporated has a 1-year low of $36.96 and a 1-year high of $51.29. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%.The business had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter last year, the business posted $0.82 EPS. The business's quarterly revenue 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. Analysts forecast that ABM Industries Incorporated will post 4.01 EPS for the current fiscal year.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, October 1st. ABM Industries's dividend payout ratio (DPR) is presently 44.62%.

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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