AlphaQuest LLC Purchases New Shares in ABM Industries Incorporated $ABM

AlphaQuest LLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 93,866 shares of the business services provider’s stock, valued at approximately $4,329,000. AlphaQuest LLC owned about 0.15% of ABM Industries as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Federated Hermes Inc. raised its position in shares of ABM Industries by 34.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock valued at $57,000 after buying an additional 319 shares in the last quarter. Kiker Wealth Management LLC bought a new stake in ABM Industries during the second quarter worth approximately $61,000. Parkside Financial Bank & Trust raised its position in ABM Industries by 18.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 246 shares during the period. Headlands Technologies LLC purchased a new stake in ABM Industries during the second quarter valued at approximately $94,000. Finally, CWM LLC lifted its stake in shares of ABM Industries by 34.2% in the 3rd quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 617 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Trading Up 2.2%

Shares of ABM opened at $45.77 on Friday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 17.67 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 moving average of $44.13 and a 200 day moving average of $45.36.

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

ABM Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.29 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, January 14th. ABM Industries’s payout ratio is 44.79%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ABM shares. Truist Financial reissued a “hold” rating and set a $47.00 target price (down previously from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, UBS Group reissued a “neutral” rating and issued a $51.00 target price (down previously from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and an average target price of $50.67.

Insider Transactions at ABM Industries

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