ABM Industries Incorporated (NYSE:ABM) Receives Consensus Recommendation of “Hold” from Brokerages

ABM Industries Incorporated (NYSE:ABM) has received an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

ABM has been the topic of a number of research analyst reports. Weiss Ratings raised ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Robert W. Baird increased their price objective on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th.

Insider Buying and Selling at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

Several hedge funds have recently bought and sold shares of ABM. Aberdeen Wealth Management LLC bought a new position in shares of ABM Industries during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 520 shares in the last quarter. Quarry LP increased its holdings in shares of ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after purchasing an additional 767 shares during the last quarter. First Horizon Corp increased its holdings in shares of ABM Industries by 141.4% in the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after purchasing an additional 519 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of ABM Industries in the second quarter worth about $43,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of ABM Industries stock opened at $48.10 on Friday. The stock’s 50-day simple moving average is $46.16 and its 200-day simple moving average is $43.01. ABM Industries has a 52 week low of $36.96 and a 52 week high of $50.12. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.26 and a beta of 0.69. The company has a quick ratio of 1.46, a current 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 earnings per share 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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $0.86 EPS. The business’s revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, analysts expect that ABM Industries will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s payout ratio is 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.