ABM Industries (NYSE:ABM) Given “Neutral” Rating at UBS Group

ABM Industries (NYSE:ABM)‘s stock had its “neutral” rating reissued by stock analysts at UBS Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $51.00 price objective on the business services provider’s stock, down from their previous price objective of $55.00. UBS Group’s target price would suggest a potential upside of 5.75% from the stock’s current price.

Several other equities research analysts also recently issued reports on ABM. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Baird R W lowered shares of ABM Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Robert W. Baird restated a “neutral” rating and issued a $54.00 price target (down from $56.00) on shares of ABM Industries in a report on Monday, September 8th. Finally, Wall Street Zen cut ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, ABM Industries currently has an average rating of “Hold” and an average price target of $54.33.

ABM Industries Price Performance

ABM Industries stock opened at $48.23 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.95 billion, a P/E ratio of 26.21 and a beta of 0.74. The business has a 50-day moving average of $43.90 and a 200-day moving average of $46.07. ABM Industries has a 1 year low of $40.00 and a 1 year high of $54.90.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a net margin of 1.34% and a return on equity of 12.12%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

ABM Industries declared that its board has authorized a stock repurchase plan on Friday, September 5th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ABM. HighTower Advisors LLC raised its holdings in shares of ABM Industries by 1.8% in the 1st quarter. HighTower Advisors LLC now owns 20,398 shares of the business services provider’s stock valued at $966,000 after purchasing an additional 362 shares during the period. Russell Investments Group Ltd. raised its stake in ABM Industries by 24.0% in the first quarter. Russell Investments Group Ltd. now owns 109,785 shares of the business services provider’s stock valued at $5,199,000 after buying an additional 21,223 shares during the period. Hsbc Holdings PLC lifted its position in shares of ABM Industries by 12.2% in the first quarter. Hsbc Holdings PLC now owns 27,438 shares of the business services provider’s stock valued at $1,300,000 after buying an additional 2,973 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of ABM Industries by 1.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 188,122 shares of the business services provider’s stock worth $8,909,000 after acquiring an additional 3,262 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of ABM Industries during the 1st quarter worth approximately $64,000. Institutional investors own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.