ABM Industries Incorporated (NYSE:ABM) Receives Average Recommendation of “Hold” from Analysts

ABM Industries Incorporated (NYSE:ABM) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $47.00.

Several equities analysts recently weighed in on the company. Truist Financial cut their price objective 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. UBS Group cut their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings cut ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird boosted their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Finally, Maxim Group raised ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 11th.

ABM Industries Price Performance

Shares of NYSE:ABM opened at $44.18 on Friday. ABM Industries has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The business has a 50-day moving average of $40.70 and a two-hundred day moving average of $42.33. The stock has a market capitalization of $2.59 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.14 and a beta of 0.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $0.86 EPS. ABM Industries’s revenue for the quarter 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, equities research analysts predict that ABM Industries will post 3.96 EPS for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 2nd. ABM Industries’s payout ratio is currently 44.62%.

Insider Buying and Selling at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.34, for a total transaction 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 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On ABM Industries

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares in the last quarter. Quarry LP raised its holdings in ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 767 shares in the last quarter. First Horizon Corp raised its holdings in ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 519 shares in the last quarter. Western Wealth Management LLC acquired a new position in ABM Industries in the 1st quarter valued at approximately $39,000. Finally, Covestor Ltd raised its holdings in ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

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.