ProShare Advisors LLC Buys 64,584 Shares of ABM Industries Incorporated $ABM

Key Points

• ProShare Advisors increased its ABM Industries stake by 41.8%, buying 64,584 shares in the third quarter to hold 218,944 shares worth about $10.5 million.
• ABM reported quarterly earnings of $1.04 per share, topping the $1.01 consensus estimate; revenue rose 4.2% year over year to $2.32 billion. The company’s FY2026 EPS guidance is $3.95–$4.10.
• ABM’s quarterly dividend is $0.29 per share, or $1.16 annualized, for a reported 2.2% yield. Analysts’ consensus rating is Hold, with an average price target of $50.88.

ProShare Advisors LLC boosted its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,944 shares of the business services provider's stock after buying an additional 64,584 shares during the quarter. ProShare Advisors LLC owned approximately 0.37% of ABM Industries worth $10,531,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of ABM Industries by 21.4% during the third quarter. GAMMA Investing LLC now owns 1,443 shares of the business services provider's stock worth $69,000 after acquiring an additional 254 shares during the period. IFP Advisors Inc boosted its holdings in shares of ABM Industries by 183.7% in the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider's stock valued at $26,000 after purchasing an additional 382 shares during the period. Versant Capital Management Inc boosted its holdings in shares of ABM Industries by 24.7% in the second quarter. Versant Capital Management Inc now owns 2,316 shares of the business services provider's stock valued at $102,000 after purchasing an additional 458 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ABM Industries by 8.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,482 shares of the business services provider's stock valued at $287,000 after purchasing an additional 490 shares during the period. Finally, Choreo LLC grew its stake in ABM Industries by 9.3% in the third quarter. Choreo LLC now owns 6,059 shares of the business services provider's stock worth $291,000 after purchasing an additional 517 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Trading Down 0.6%

NYSE ABM opened at $53.65 on Wednesday. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $54.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.40 and a beta of 0.66. The company's 50-day simple moving average is $49.99 and its two-hundred day simple moving average is $44.97.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The firm had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The company's 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. Equities analysts forecast that ABM Industries Incorporated will post 4.00 EPS for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.2%. ABM Industries's payout ratio is 41.88%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group raised their price objective on ABM Industries from $45.00 to $51.50 and gave the stock a "neutral" rating in a report on Wednesday, September 9th. Weiss Ratings raised ABM Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, October 13th. Truist Financial upped their target price on ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a report on Monday, September 14th. Wall Street Zen raised ABM Industries from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Robert W. Baird increased their price target on ABM Industries from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, ABM Industries currently has an average rating of "Hold" and a consensus price target of $50.88.

About ABM Industries

ABM Industries Incorporated NYSE: ABM is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.

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