Universal Beteiligungs und Servicegesellschaft mbH Acquires 16,490 Shares of ABM Industries Incorporated $ABM

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,454 shares of the business services provider’s stock after buying an additional 16,490 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.30% of ABM Industries worth $8,415,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of ABM Industries by 0.4% during the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after acquiring an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ABM Industries by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock valued at $1,752,000 after purchasing an additional 984 shares in the last quarter. Millennium Management LLC grew its holdings in ABM Industries by 2.2% during the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after purchasing an additional 1,734 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ABM Industries by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after buying an additional 8,704 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of ABM Industries by 592.0% in the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after buying an additional 119,942 shares during the period. 91.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABM. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Truist Financial restated a “hold” rating and set a $47.00 price objective (down from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. Finally, UBS Group restated a “neutral” rating and set a $51.00 target price (down previously from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.67.

ABM Industries Trading Down 2.2%

Shares of ABM opened at $45.35 on Monday. The firm has a market cap of $2.73 billion, a P/E ratio of 17.51 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. ABM Industries Incorporated has a 1 year low of $40.00 and a 1 year high of $54.90. The company has a 50 day simple moving average of $43.76 and a two-hundred day simple moving average of $45.41.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 17th. The business services provider reported $0.88 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.21). The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.ABM Industries’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.29 per share. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. ABM Industries’s payout ratio is currently 44.79%.

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares in the company, valued at $2,281,621.68. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.