Vulcan Value Partners LLC Lowers Position in ABM Industries Incorporated $ABM

Vulcan Value Partners LLC decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 28.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 448,559 shares of the business services provider’s stock after selling 181,737 shares during the period. ABM Industries makes up about 0.6% of Vulcan Value Partners LLC’s portfolio, making the stock its 24th largest position. Vulcan Value Partners LLC’s holdings in ABM Industries were worth $19,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Natixis Advisors LLC grew its stake in shares of ABM Industries by 2.1% in the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after acquiring an additional 231 shares in the last quarter. Mackenzie Financial Corp grew its position in ABM Industries by 4.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after purchasing an additional 259 shares in the last quarter. Naples Global Advisors LLC increased its stake in ABM Industries by 2.4% in the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock valued at $529,000 after buying an additional 289 shares during the last quarter. Royal Bank of Canada lifted its position in shares of 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 buying an additional 312 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of ABM Industries by 3.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock worth $458,000 after buying an additional 320 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Price Performance

ABM stock traded up $3.66 during mid-day trading on Tuesday, reaching $50.71. 1,019,344 shares of the company traded hands, compared to its average volume of 549,333. The company has a fifty day moving average price of $46.99 and a 200-day moving average price of $43.13. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $50.95. The company has a market capitalization of $2.97 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. ABM Industries’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 2.3%. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

Analysts Set New Price Targets

A number of research firms have recently commented on ABM. Robert W. Baird lifted their target price on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings raised shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, ABM Industries has a consensus rating of “Hold” and a consensus price target of $47.00.

More ABM Industries News

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

• Positive Sentiment: Quarterly earnings beat estimates: Adjusted EPS rose 27% year over year to $1.04, exceeding the $1.01 consensus estimate. Revenue increased 4.2% to a record approximately $2.3 billion, in line with expectations. ABM Industries Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability and cash generation improved: Net income increased 19% to $49.7 million, adjusted EBITDA rose 11% to $139.6 million, and quarterly free cash flow reached $128.4 million. Nine-month operating and free cash flow also improved substantially year over year. ABM Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Fiscal 2026 outlook raised: ABM now expects adjusted EPS of $3.95 to $4.10, with the midpoint above the $3.98 analyst consensus. The company also increased its operating cash flow and free cash flow expectations, signaling confidence in execution.
• Positive Sentiment: Dividend maintained: ABM declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a yield of approximately 2.3%. The dividend is payable November 2 to shareholders of record October 1.
• Neutral Sentiment: Revenue growth consisted of 2.1% organic growth and 2.1% acquisition-related growth, indicating acquisitions remain an important contributor to expansion.
• Negative Sentiment: Analysts’ average price target was reported at $47, below the stock’s recent trading level, potentially limiting near-term upside. Margin pressure and competition also remain risks despite the stronger quarter.

Insider Buying and Selling

In other ABM Industries news, CEO Scott Salmirs sold 50,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.34, for a total value of $2,317,000.00. Following the transaction, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

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.