Man Group plc Buys Shares of 226,599 ABM Industries Incorporated $ABM

Man Group plc bought a new position in ABM Industries Incorporated (NYSE:ABM) in the 2nd quarter, Holdings Channel reports. The firm bought 226,599 shares of the business services provider’s stock, valued at approximately $10,025,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC bought a new stake in shares of ABM Industries during the 4th quarter valued at about $7,623,000. Quantinno Capital Management LP boosted its holdings in shares of ABM Industries by 86.3% in the first quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider’s stock worth $2,111,000 after buying an additional 25,388 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of ABM Industries in the first quarter worth approximately $1,002,000. Pacer Advisors Inc. bought a new stake in ABM Industries during the first quarter valued at approximately $12,739,000. Finally, BlackRock Inc. bought a new stake in ABM Industries during the second quarter valued at approximately $410,948,000. Institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ABM. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Robert W. Baird boosted their price objective 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. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, ABM Industries currently has a consensus rating of “Hold” and an average target price of $47.00.

ABM Industries Trading Up 0.2%

Shares of ABM Industries stock opened at $47.24 on Friday. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. 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 company has a market capitalization of $2.77 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.24 and a beta of 0.69. The company has a fifty day moving average of $46.72 and a 200 day moving average of $43.09.

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 net margin of 1.75% and a return on equity of 11.84%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business earned $0.86 earnings per share. ABM Industries’s 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. On average, sell-side analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The firm also recently announced 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. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is 44.62%.

Insider Buying and Selling

In related news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

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.