Wesbanco Bank Inc. Purchases New Holdings in ABM Industries Incorporated $ABM

Wesbanco Bank Inc. purchased a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,500 shares of the business services provider’s stock, valued at approximately $559,000.

A number of other hedge funds have also recently added to or reduced their stakes in ABM. Ameriprise Financial Inc. raised its holdings in ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock valued at $51,254,000 after acquiring an additional 897,402 shares in the last quarter. Norges Bank acquired a new stake in shares of ABM Industries during the 4th quarter worth $32,850,000. Millennium Management LLC grew its holdings in shares of ABM Industries by 883.5% during the 3rd quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock worth $31,002,000 after purchasing an additional 603,853 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ABM Industries by 31.7% during the 3rd quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after purchasing an additional 575,273 shares in the last quarter. Finally, Simcoe Capital Management LLC bought a new position in shares of ABM Industries in the second quarter worth $20,720,000. Institutional investors own 91.62% of the company’s stock.

More ABM Industries News

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.

Insider Buying and Selling at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was 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 $18,317,506.90. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ABM shares. UBS Group dropped their price target on ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings downgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Truist Financial decreased their target price on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. 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 report on Monday, June 8th. Finally, Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.00.

ABM Industries Trading Down 0.1%

Shares of ABM Industries stock opened at $45.42 on Monday. The firm’s 50 day moving average is $41.30 and its 200 day moving average is $42.35. The firm has a market capitalization of $2.66 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. 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 (NYSE:ABM) last issued its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company earned $0.86 EPS. ABM Industries’s revenue for the quarter was up 8.4% on a year-over-year basis. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio is presently 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.