ABM Industries (NYSE:ABM) Price Target Raised to $53.00

ABM Industries (NYSE:ABM) had its target price raised by Robert W. Baird from $48.00 to $53.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Separately, Weiss Ratings raised ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.88.

ABM Industries Stock Up 1.0%

ABM stock opened at $49.55 on Wednesday. ABM Industries has a one year low of $36.96 and a one year high of $51.29. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.42. The firm’s fifty day moving average is $47.42 and its 200 day moving average is $43.27. The firm has a market cap of $2.90 billion, a PE ratio of 17.89, a P/E/G ratio of 1.36 and a beta of 0.68.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, research analysts forecast that ABM Industries will post 4.01 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.3%. ABM Industries’s dividend payout ratio is currently 41.88%.

Institutional Trading of ABM Industries

Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new stake in ABM Industries in the 1st quarter worth about $12,739,000. Quantinno Capital Management LP increased its stake in ABM Industries by 86.3% during the 1st quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider’s stock worth $2,111,000 after buying an additional 25,388 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of ABM Industries during the fourth quarter valued at approximately $7,623,000. Louisiana State Employees Retirement System acquired a new position in shares of ABM Industries during the first quarter valued at approximately $1,002,000. Finally, BlackRock Inc. purchased a new position in shares of ABM Industries in the second quarter valued at approximately $410,948,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE: ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate and maintain their buildings and infrastructure through services that include janitorial and custodial work, engineering and maintenance, electrical and lighting solutions, HVAC services, landscaping, energy management, and facility operations.

ABM also provides specialized services for aviation, parking, education, healthcare, manufacturing, logistics, commercial real estate, sports and entertainment venues, and government facilities.