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

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

ABM has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings raised shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th.

Insider Buying and Selling at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction that occurred on 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 approximately $18,317,506.90. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of ABM Industries during the second quarter worth $410,948,000. Dimensional Fund Advisors LP grew its stake in shares of ABM Industries by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock valued at $157,007,000 after acquiring an additional 24,213 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of ABM Industries by 4,207.4% in the second quarter. California State Teachers Retirement System now owns 3,125,335 shares of the business services provider’s stock valued at $138,265,000 after acquiring an additional 3,052,778 shares in the last quarter. Invesco Ltd. grew its stake in shares of ABM Industries by 31.7% in the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after acquiring an additional 575,273 shares in the last quarter. Finally, Pzena Investment Management LLC bought a new position in ABM Industries during the second quarter worth about $79,995,000. Institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Down 0.6%

ABM opened at $46.33 on Wednesday. The stock’s fifty day simple moving average is $46.83 and its 200 day simple moving average is $43.05. ABM Industries has a 1-year low of $36.96 and a 1-year high of $50.12. The stock has a market cap of $2.71 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that ABM Industries will post 3.97 earnings per share for the current year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. ABM Industries’s dividend payout ratio is presently 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.