Atlantic Investment Management Inc. Takes $8.46 Million Position in ABM Industries Incorporated $ABM

Atlantic Investment Management Inc. bought a new stake in shares of ABM Industries Incorporated (NYSE:ABM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 200,000 shares of the business services provider’s stock, valued at approximately $8,460,000. ABM Industries comprises 4.8% of Atlantic Investment Management Inc.’s portfolio, making the stock its 9th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Invenomic Capital Management LP lifted its position in shares of ABM Industries by 86.6% during the 3rd quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider’s stock valued at $23,053,000 after acquiring an additional 231,988 shares during the period. Kennondale Capital Management LLC lifted its position in shares of ABM Industries by 85.6% during the 3rd quarter. Kennondale Capital Management LLC now owns 65,779 shares of the business services provider’s stock valued at $3,034,000 after acquiring an additional 30,343 shares during the period. SG Americas Securities LLC lifted its position in shares of ABM Industries by 206.5% during the 4th quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock valued at $1,601,000 after acquiring an additional 25,501 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of ABM Industries during the 4th quarter valued at $7,623,000. Finally, WINTON GROUP Ltd lifted its position in shares of ABM Industries by 1,222.8% during the 3rd quarter. WINTON GROUP Ltd now owns 112,440 shares of the business services provider’s stock valued at $5,186,000 after acquiring an additional 103,940 shares during the period. 91.62% of the stock is currently owned by institutional investors.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. 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 completion of the transaction, the chief executive officer owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Price Performance

ABM Industries stock opened at $43.45 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The stock has a market capitalization of $2.55 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.72. The stock has a fifty day moving average of $40.58 and a 200-day moving average of $42.32.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm posted $0.86 EPS. ABM Industries’s quarterly revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, sell-side analysts expect that ABM Industries Incorporated will post 3.96 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 2nd. ABM Industries’s dividend payout ratio is presently 44.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ABM shares. Truist Financial cut their target price on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings downgraded ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. UBS Group lowered their price target on ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Maxim Group raised 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. Finally, Robert W. Baird boosted their price target on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and a consensus price target of $47.00.

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.