Dimensional Fund Advisors LP Sells 16,376 Shares of ABM Industries Incorporated $ABM

Dimensional Fund Advisors LP trimmed its position in shares of ABM Industries Incorporated (NYSE:ABM) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,020,125 shares of the business services provider’s stock after selling 16,376 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.57% of ABM Industries worth $185,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its position in 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 worth $4,100,000 after acquiring an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ABM Industries by 2.7% in 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 purchasing an additional 984 shares during the last quarter. Millennium Management LLC boosted its stake 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 purchasing 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% 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 purchasing an additional 8,704 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of ABM Industries by 592.0% during the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after purchasing an additional 119,942 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. 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 reissued 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.67.

Insiders Place Their Bets

In related news, COO Rene Jacobsen sold 31,034 shares of the business’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 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 approximately $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

ABM Industries Trading Down 0.9%

NYSE ABM opened at $43.85 on Monday. The stock has a 50-day simple moving average of $44.80 and a 200 day simple moving average of $44.87. The company has a market capitalization of $2.57 billion, a PE ratio of 16.93 and a beta of 0.73. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. ABM Industries Incorporated has a 12 month low of $40.00 and a 12 month high of $54.90.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share 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 analyst estimates of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Research analysts forecast 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 was paid on Monday, February 2nd. Investors of record on Wednesday, January 14th were given a $0.29 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio is 44.79%.

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.