Brokerages Set ABM Industries Incorporated (NYSE:ABM) PT at $46.25

Shares of ABM Industries Incorporated (NYSE:ABM) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.25.

Several research analysts recently commented on ABM shares. Weiss Ratings cut ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Truist Financial dropped their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Robert W. Baird cut their price objective on ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, March 11th. Finally, UBS Group lowered their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th.

Institutional Investors Weigh In On ABM Industries

A number of institutional investors and hedge funds have recently modified their holdings of ABM. Illinois Municipal Retirement Fund lifted its stake in ABM Industries by 7.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 33,824 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 2,284 shares during the last quarter. Bleakley Financial Group LLC increased its position in ABM Industries by 22.0% during the first quarter. Bleakley Financial Group LLC now owns 40,314 shares of the business services provider’s stock worth $1,553,000 after buying an additional 7,276 shares during the last quarter. Fifth Third Bancorp raised its stake in ABM Industries by 17,941.8% in the first quarter. Fifth Third Bancorp now owns 47,089 shares of the business services provider’s stock valued at $1,814,000 after buying an additional 46,828 shares during the period. New York State Teachers Retirement System raised its stake in ABM Industries by 4.7% in the first quarter. New York State Teachers Retirement System now owns 83,660 shares of the business services provider’s stock valued at $3,223,000 after buying an additional 3,744 shares during the period. Finally, Pzena Investment Management LLC lifted its position in shares of ABM Industries by 30.0% in the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider’s stock valued at $58,663,000 after buying an additional 351,407 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Stock Down 0.1%

Shares of ABM stock opened at $40.67 on Thursday. The firm’s fifty day moving average price is $40.18 and its two-hundred day moving average price is $42.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries has a 1 year low of $36.96 and a 1 year high of $52.94. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.01 and a beta of 0.74.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities analysts predict that ABM Industries will post 3.94 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 2nd. ABM Industries’s dividend payout ratio (DPR) is 45.67%.

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.