American Century Companies Inc. Cuts Stock Position in ABM Industries Incorporated $ABM

American Century Companies Inc. reduced its position in shares of ABM Industries Incorporated (NYSE:ABM) by 6.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,505,438 shares of the business services provider’s stock after selling 109,697 shares during the quarter. American Century Companies Inc. owned 2.46% of ABM Industries worth $69,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in ABM Industries by 0.4% in the first 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. boosted its position in shares of ABM Industries by 2.7% during the 1st 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 acquiring an additional 984 shares during the last quarter. Millennium Management LLC grew its position in ABM Industries by 2.2% in the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after acquiring an additional 1,734 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ABM Industries by 5.1% during 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 during the period. Finally, Jane Street Group LLC grew its holdings in ABM Industries by 592.0% during the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after purchasing an additional 119,942 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the firm’s 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 transaction, the chief operating officer directly owned 51,714 shares of the company’s stock, valued at $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 through this hyperlink. Insiders own 0.90% of the company’s stock.

ABM Industries Stock Down 0.5%

Shares of ABM opened at $44.01 on Thursday. The stock has a 50 day moving average price of $44.73 and a 200 day moving average price of $44.95. ABM Industries Incorporated has a one year low of $40.00 and a one year high of $54.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.99 and a beta of 0.73.

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

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors 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 represents a $1.16 annualized dividend and a yield of 2.6%. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

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

ABM Industries Company Profile

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.