Wesbanco Bank Inc. Invests $559,000 in ABM Industries Incorporated $ABM

Wesbanco Bank Inc. bought a new stake in ABM Industries Incorporated (NYSE:ABM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,500 shares of the business services provider’s stock, valued at approximately $559,000.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its position in ABM Industries by 419.5% during the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after buying an additional 897,402 shares during the last quarter. Norges Bank acquired a new stake in shares of ABM Industries in the fourth quarter valued at approximately $32,850,000. Millennium Management LLC lifted its position in shares of ABM Industries by 883.5% in the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock valued at $31,002,000 after buying an additional 603,853 shares during the last quarter. Invesco Ltd. lifted its position in shares of ABM Industries by 31.7% in the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after buying an additional 575,273 shares during the last quarter. Finally, Simcoe Capital Management LLC bought a new position in shares of ABM Industries during the 2nd quarter worth approximately $20,720,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Price Performance

ABM Industries stock opened at $45.42 on Monday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.19 and a beta of 0.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a 12 month low of $36.96 and a 12 month high of $50.12. The stock’s 50 day moving average is $41.30 and its 200-day moving average is $42.35.

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

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ABM. Weiss Ratings lowered ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 11th. Robert W. Baird upped their price objective 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. Truist Financial dropped 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 report on Wednesday, March 11th. Finally, UBS Group cut their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.00.

Insider Buying and Selling at ABM Industries

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 value of $2,317,000.00. Following the completion of the sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Key Headlines Impacting ABM Industries

Here are the key news stories impacting ABM Industries this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $3.92 from $3.91, signaling slightly better expected profitability in the current fiscal year.
• Positive Sentiment: The firm also increased its Q3 2026 EPS estimate to $0.97 from $0.96 and lifted Q4 2026 EPS to $1.22 from $1.20, which supports the view that ABM’s near-term earnings outlook is improving.
• Positive Sentiment: Longer-dated estimates were also nudged higher in places, including Q1 2028 EPS to $1.11 from $1.02 and Q3 2027 EPS to $1.22 from $1.08, reinforcing confidence in longer-term earnings growth.
• Neutral Sentiment: ABM still faces mixed analyst sentiment overall, as some forecasts were cut at the same time, including Q1 2027, Q2 2027, Q4 2027, and FY2028 EPS estimates, creating a balanced but not clearly negative picture.
• Negative Sentiment: Zacks Research lowered its FY2027 EPS estimate to $4.30 from $4.37 and trimmed FY2028 EPS to $4.55 from $4.83, suggesting some caution about growth further out.

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.