William Blair Investment Management LLC Sells 211,245 Shares of ABM Industries Incorporated $ABM

William Blair Investment Management LLC trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 31.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 471,120 shares of the business services provider’s stock after selling 211,245 shares during the quarter. William Blair Investment Management LLC’s holdings in ABM Industries were worth $19,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Invenomic Capital Management LP raised its stake in shares of ABM Industries by 86.6% during the third quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider’s stock worth $23,053,000 after buying an additional 231,988 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of ABM Industries by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider’s stock worth $11,201,000 after buying an additional 30,761 shares during the last quarter. Kennondale Capital Management LLC raised its stake in shares of ABM Industries by 85.6% during the third quarter. Kennondale Capital Management LLC now owns 65,779 shares of the business services provider’s stock worth $3,034,000 after buying an additional 30,343 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of ABM Industries during the third quarter worth approximately $4,329,000. Finally, SG Americas Securities LLC raised its stake in shares of ABM Industries by 206.5% during the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock worth $1,601,000 after buying an additional 25,501 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ABM shares. Robert W. Baird dropped their price target on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Truist Financial dropped their price target on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price 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. Finally, UBS Group lowered 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 investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, ABM Industries currently has a consensus rating of “Hold” and an average target price of $46.25.

ABM Industries Stock Up 0.0%

Shares of NYSE:ABM opened at $40.20 on Tuesday. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $52.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $2.35 billion, a PE ratio of 15.82 and a beta of 0.74. The company has a 50 day moving average price of $39.27 and a two-hundred day moving average price of $42.33.

ABM Industries (NYSE:ABM) last issued its earnings results on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Analysts forecast that ABM Industries Incorporated will post 3.94 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio is 45.67%.

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.