Quantinno Capital Management LP Has $2.11 Million Stock Holdings in ABM Industries Incorporated $ABM

Key Points

• Quantinno Capital Management increased its ABM Industries stake by 86.3% in the first quarter, bringing its holdings to 54,790 shares valued at approximately $2.11 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, though earnings per share of $0.90 narrowly missed consensus. The company issued fiscal 2026 EPS guidance of $3.85 to $4.15.
• ABM maintains a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 payout and a 2.4% yield. Analysts have a consensus “Hold” rating with an average price target of $47, while the stock recently opened at $47.85.

Quantinno Capital Management LP raised its stake in ABM Industries Incorporated (NYSE:ABM - Free Report) by 86.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,790 shares of the business services provider's stock after purchasing an additional 25,388 shares during the period. Quantinno Capital Management LP owned 0.09% of ABM Industries worth $2,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC grew its stake in shares of ABM Industries by 15.0% in the 1st quarter. Lazard Asset Management LLC now owns 195,711 shares of the business services provider's stock valued at $7,539,000 after buying an additional 25,556 shares during the period. Entropy Technologies LP boosted its holdings in ABM Industries by 52.8% in the first quarter. Entropy Technologies LP now owns 27,567 shares of the business services provider's stock worth $1,062,000 after acquiring an additional 9,527 shares in the last quarter. Gabelli Funds LLC grew its stake in ABM Industries by 11.0% in the first quarter. Gabelli Funds LLC now owns 142,202 shares of the business services provider's stock valued at $5,478,000 after acquiring an additional 14,149 shares during the period. Gamco Investors INC. ET AL grew its stake in ABM Industries by 14.3% in the first quarter. Gamco Investors INC. ET AL now owns 15,998 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2,007 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of ABM Industries during the first quarter valued at approximately $723,000. Institutional investors own 91.62% of the company's stock.

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $47.85 on Tuesday. The company has a market cap of $2.80 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The business has a 50 day moving average price of $45.52 and a 200-day moving average price of $42.93. 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 (NYSE:ABM - Get Free Report) last posted its 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). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The firm's revenue for the quarter 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. Equities analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries's payout ratio is currently 44.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ABM. Weiss Ratings raised ABM Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 6th. Robert W. Baird lifted their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $47.00.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of the 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 in the company, valued at $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

About ABM Industries

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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