ABM Industries Incorporated (NYSE:ABM) Stock Rated “Hold” by Wall Street Brokerages

ABM Industries Incorporated (NYSE:ABM) has been given a consensus recommendation of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $50.88.

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. UBS Group raised their price target on ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Truist Financial lifted their price objective on ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, September 14th. Wall Street Zen raised ABM Industries from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings raised ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th.

ABM Industries Stock Up 1.3%

Shares of ABM stock opened at $52.25 on Thursday. The stock has a market cap of $3.06 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.64. ABM Industries has a one year low of $36.96 and a one year high of $52.31. The stock has a fifty day moving average price of $48.84 and a 200 day moving average price of $45.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Analysts predict that ABM Industries will post 4.00 earnings per share for the current year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.2%. ABM Industries’s payout ratio is presently 41.88%.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of ABM Industries by 21.4% during the third quarter. GAMMA Investing LLC now owns 1,443 shares of the business services provider’s stock worth $69,000 after purchasing an additional 254 shares during the period. IFP Advisors Inc lifted its holdings in shares of ABM Industries by 183.7% during the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 382 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of ABM Industries by 24.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,316 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 458 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of ABM Industries by 8.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,482 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 490 shares during the period. Finally, Fortitude Family Office LLC grew its position in shares of ABM Industries by 1,451.4% in the 3rd quarter. Fortitude Family Office LLC now owns 574 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 537 shares during the period. Institutional investors own 91.62% of the company’s stock.

About ABM Industries

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.