Brokerages Set ABM Industries Incorporated (NYSE:ABM) Price Target at $47.00

ABM Industries Incorporated (NYSE:ABM) has been given a consensus rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $47.00.

Several research firms have commented on ABM. 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. Robert W. Baird boosted their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th.

Insider Buying and Selling

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the sale, the chief executive officer directly owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in ABM Industries by 419.5% during the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after purchasing an additional 897,402 shares during the last quarter. Norges Bank purchased a new position in ABM Industries in the fourth quarter valued at approximately $32,850,000. Millennium Management LLC increased its stake in ABM Industries by 883.5% in the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock valued at $31,002,000 after purchasing an additional 603,853 shares during the last quarter. Invesco Ltd. raised its holdings in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after purchasing an additional 575,273 shares in the last quarter. Finally, Simcoe Capital Management LLC purchased a new stake in shares of ABM Industries during the 2nd quarter worth approximately $20,720,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Down 0.7%

Shares of ABM opened at $47.25 on Tuesday. The company’s 50-day simple moving average is $42.93 and its 200-day simple moving average is $42.48. 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 has a 1 year low of $36.96 and a 1 year high of $50.12. The stock has a market capitalization of $2.77 billion, a PE ratio of 18.17, a P/E/G ratio of 1.25 and a beta of 0.70.

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

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.29 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. ABM Industries’s payout ratio is currently 44.62%.

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.