Quantinno Capital Management LP Raises Stock Holdings in ABM Industries Incorporated $ABM

Quantinno Capital Management LP increased its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 86.3% during the first quarter, HoldingsChannel.com reports. The fund owned 54,790 shares of the business services provider’s stock after buying an additional 25,388 shares during the quarter. Quantinno Capital Management LP’s holdings in ABM Industries were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 520 shares during the period. First Horizon Corp raised its stake in shares of ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after purchasing an additional 519 shares during the period. Quarry LP boosted its holdings in shares of ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after buying an additional 767 shares during the last quarter. Covestor Ltd boosted its holdings in shares of ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after buying an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in ABM Industries during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

ABM Industries Stock Performance

Shares of ABM opened at $47.85 on Tuesday. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $50.12. The stock’s 50-day simple moving average is $45.52 and its 200 day simple moving average is $42.93. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69.

ABM Industries (NYSE:ABM) last posted its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share 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 company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm earned $0.86 EPS. The firm’s quarterly 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. Research analysts forecast that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

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.