ABM Industries (NYSE:ABM) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of ABM Industries Incorporated (NYSE:ABM) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $43.09 and traded as high as $47.54. ABM Industries shares last traded at $46.9940, with a volume of 309,813 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ABM Industries presently has an average rating of “Hold” and a consensus target price of $47.00.

ABM Industries Stock Performance

The stock’s 50-day moving average is $43.09 and its 200-day moving average is $42.51. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.24 and a beta of 0.70. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04.

ABM Industries (NYSE:ABM) last issued its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share 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 company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s quarterly revenue 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, analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. ABM Industries’s dividend payout ratio (DPR) is 44.62%.

Insiders Place Their Bets

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of ABM Industries

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after buying an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ABM Industries by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after buying an additional 984 shares during the period. Millennium Management LLC grew its holdings in ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after acquiring an additional 1,734 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ABM Industries by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after acquiring an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC increased its position in ABM Industries by 592.0% in the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after acquiring an additional 119,942 shares during the period. 91.62% of the stock is owned by institutional investors and hedge funds.

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.