BlackRock Inc. acquired 9,289,062 shares of ABM Industries. A regulatory filing on August 26, 2026, revealed the purchase. The transaction occurred during the second quarter.
BlackRock now holds a substantial 15.86% ownership stake in the facility services provider. The shares were valued at approximately $410.9 million. This makes BlackRock one of ABM's largest shareholders. The move indicates a significant vote of confidence from the institutional investor.
Overall, institutional investors collectively own over 91% of the company's stock.
ABM is scheduled to announce its third-quarter financial results on September 8.