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

ABM Industries Incorporated (NYSE:ABM) has been assigned an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.00.

ABM has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report 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.

ABM Industries Trading Up 1.8%

Shares of NYSE ABM opened at $45.41 on Tuesday. ABM Industries has a twelve month low of $36.96 and a twelve month high of $50.12. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.17 and a beta of 0.70. 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 fifty day moving average is $42.26 and its 200-day moving average is $42.32.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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 business 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 business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities research analysts predict that ABM Industries will post 3.97 EPS for the current year.

ABM Industries Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio is 44.62%.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of the 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 owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 institutional investors have recently made changes to their positions in ABM. Natixis Advisors LLC lifted its position in ABM Industries by 2.1% during the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after buying an additional 231 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of ABM Industries by 4.2% in the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 259 shares during the last quarter. Naples Global Advisors LLC raised its holdings in ABM Industries by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after acquiring an additional 289 shares in the last quarter. Royal Bank of Canada raised its holdings in ABM Industries by 0.4% during the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after acquiring an additional 312 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in ABM Industries by 3.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 320 shares during the last quarter. Institutional investors 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.