First Eagle Investment Management LLC Makes New $7.62 Million Investment in ABM Industries Incorporated $ABM

First Eagle Investment Management LLC purchased a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 180,218 shares of the business services provider’s stock, valued at approximately $7,623,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Naples Global Advisors LLC lifted its position in ABM Industries by 2.4% during the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after buying an additional 289 shares in the last quarter. Olstein Capital Management L.P. lifted its position in ABM Industries by 1.1% during the 4th quarter. Olstein Capital Management L.P. now owns 211,361 shares of the business services provider’s stock worth $8,941,000 after buying an additional 2,389 shares in the last quarter. RIA Advisory Group LLC bought a new stake in ABM Industries during the 4th quarter worth about $275,000. State of New Jersey Common Pension Fund D lifted its position in ABM Industries by 19.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,269 shares of the business services provider’s stock worth $2,253,000 after buying an additional 8,826 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in ABM Industries during the 4th quarter worth about $46,000. 91.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ABM shares. Weiss Ratings cut shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 11th. Truist Financial lowered their price objective on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Robert W. Baird lowered their price objective on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Finally, UBS Group lowered their price objective on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.25.

ABM Industries Stock Down 0.2%

ABM Industries stock opened at $39.29 on Wednesday. The firm has a market capitalization of $2.30 billion, a PE ratio of 15.47 and a beta of 0.74. The company’s 50-day moving average is $39.84 and its 200-day moving average is $42.62. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $52.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.50.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts anticipate that ABM Industries Incorporated will post 3.94 earnings per share for the current year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were paid a $0.29 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. ABM Industries’s dividend payout ratio is 45.67%.

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.