Allianz Asset Management GmbH Has $3.74 Million Position in ABM Industries Incorporated $ABM

Allianz Asset Management GmbH trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 70.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,064 shares of the business services provider’s stock after selling 193,121 shares during the period. Allianz Asset Management GmbH owned about 0.13% of ABM Industries worth $3,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its stake in ABM Industries by 18.0% in 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 in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of ABM Industries by 2.3% in the third quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock valued at $508,000 after buying an additional 247 shares in the last quarter. Arizona State Retirement System increased its holdings in ABM Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock worth $850,000 after buying an additional 260 shares during the last quarter. Royal Bank of Canada raised its position in ABM Industries by 0.4% during the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after acquiring an additional 312 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in ABM Industries by 34.7% in the third quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of NYSE:ABM opened at $47.17 on Wednesday. The firm has a 50 day moving average of $44.75 and a 200-day moving average of $45.24. ABM Industries Incorporated has a 12 month low of $40.00 and a 12 month high of $54.90. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.84 billion, a PE ratio of 18.21 and a beta of 0.75.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data 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 firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities research analysts predict that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.5%. ABM Industries’s payout ratio is presently 44.79%.

Insider Transactions at ABM Industries

In related news, COO Rene Jacobsen sold 31,034 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This represents a 37.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.