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

Shares of ABM Industries Incorporated (NYSE:ABM) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $47.00.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target 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 raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th.

ABM Industries Stock Performance

ABM stock opened at $48.61 on Friday. The firm has a 50 day simple moving average of $45.34 and a 200 day simple moving average of $42.93. ABM Industries has a 52 week low of $36.96 and a 52 week high of $50.12. The stock has a market cap of $2.85 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 0.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46.

ABM Industries (NYSE:ABM) last released 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 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 company posted $0.86 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts anticipate that ABM Industries will post 3.97 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s dividend payout ratio is presently 44.62%.

Insider Buying and Selling at ABM Industries

In other news, CEO Scott B. Salmirs sold 50,000 shares of the firm’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 sale, the chief executive officer directly owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed 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 company insiders.

Hedge Funds Weigh In On ABM Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd grew its position in ABM Industries by 590.9% in the third 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 increased its stake 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 purchasing an additional 519 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of ABM Industries during the 1st quarter valued at $39,000. Quarry LP raised its holdings in shares of ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in ABM Industries in the second quarter worth $43,000. 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.