ABM Industries Incorporated (NYSE:ABM) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of analysts recently weighed in on ABM shares. Robert W. Baird upped their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th.

ABM Industries Price Performance

ABM Industries stock opened at $47.71 on Tuesday. The firm has a market cap of $2.79 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.25 and a beta of 0.70. ABM Industries has a 52-week low of $36.96 and a 52-week high of $50.12. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $42.78 and its two-hundred day moving average is $42.45.

ABM Industries (NYSE:ABM) last released its earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, research analysts expect that ABM Industries will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is presently 44.62%.

Insider Buying and Selling at ABM Industries

In other news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer directly 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in shares of ABM Industries by 590.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares in the last quarter. First Horizon Corp raised its position in shares of ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after acquiring an additional 519 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of ABM Industries during the 1st quarter worth about $39,000. Quarry LP lifted its stake in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after purchasing an additional 767 shares during the last quarter. Finally, Covestor Ltd lifted its stake in ABM Industries by 89.1% during the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after purchasing an additional 497 shares during the last quarter. 91.62% of the stock is currently 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.