ABM Industries (NYSE:ABM) Trading 5.7% Higher – Still a Buy?

ABM Industries Incorporated (NYSE:ABM)’s share price traded up 5.7% on Friday . The stock traded as high as $43.10 and last traded at $42.1350. 201,580 shares were traded during mid-day trading, a decline of 64% from the average session volume of 554,185 shares. The stock had previously closed at $39.88.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, March 11th. Truist Financial dropped their target price on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Robert W. Baird dropped their target price on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Weiss Ratings downgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, UBS Group dropped their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.25.

ABM Industries Trading Up 7.8%

The firm has a market capitalization of $2.52 billion, a PE ratio of 16.97 and a beta of 0.71. The company’s 50-day moving average price is $39.53 and its 200-day moving average price is $42.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.ABM Industries’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. 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 3.94 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. Investors of record on Thursday, April 2nd were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. ABM Industries’s payout ratio is 45.67%.

Institutional Investors Weigh In On ABM Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in ABM Industries by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock valued at $157,007,000 after acquiring an additional 24,213 shares during the last quarter. Invesco Ltd. lifted its position in ABM Industries by 31.7% in the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after acquiring an additional 575,273 shares during the last quarter. Pzena Investment Management LLC lifted its position in ABM Industries by 30.0% in the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider’s stock valued at $58,663,000 after acquiring an additional 351,407 shares during the last quarter. Ameriprise Financial Inc. lifted its position in ABM Industries by 419.5% in the third 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 during the last quarter. Finally, Norges Bank purchased a new stake in ABM Industries in the fourth quarter valued at $32,850,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

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.