18,768 Shares in ABM Industries Incorporated $ABM Bought by Caxton Associates LLP

Caxton Associates LLP bought a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 18,768 shares of the business services provider’s stock, valued at approximately $723,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in ABM Industries by 206.5% during the 4th quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock worth $1,601,000 after acquiring an additional 25,501 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of ABM Industries in the 4th quarter valued at about $7,623,000. Louisiana State Employees Retirement System bought a new position in shares of ABM Industries during the first quarter worth about $1,002,000. Invenomic Capital Management LP lifted its position in shares of ABM Industries by 25.9% during the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock worth $26,626,000 after purchasing an additional 129,614 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in ABM Industries by 23.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 224,820 shares of the business services provider’s stock worth $9,526,000 after purchasing an additional 42,366 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ABM shares. Weiss Ratings upgraded shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Robert W. Baird lifted their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.00.

ABM Industries Stock Up 1.7%

ABM stock opened at $48.52 on Tuesday. The firm has a market cap of $2.84 billion, a PE ratio of 18.66, a P/E/G ratio of 1.25 and a beta of 0.70. ABM Industries Incorporated has a 12 month low of $36.96 and a 12 month high of $50.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $43.74 and a 200 day simple moving average of $42.64.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities research analysts forecast that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd. ABM Industries’s dividend payout ratio is currently 44.62%.

ABM Industries 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.