ABM Industries (NYSE:ABM) Stock Price Passes Below 50-Day Moving Average – What’s Next?

ABM Industries Incorporated (NYSE:ABM)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $40.80 and traded as low as $40.02. ABM Industries shares last traded at $40.4980, with a volume of 360,518 shares trading hands.

Wall Street Analyst Weigh In

ABM has been the subject of a number of recent research reports. Robert W. Baird lowered their price target on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. UBS Group reduced their price objective on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Truist Financial decreased their target price on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a research note on Monday. Finally, Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, March 11th. One investment 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.25.

ABM Industries Stock Performance

The firm has a market capitalization of $2.37 billion, a PE ratio of 15.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50. The company’s fifty day moving average price is $40.80 and its two-hundred day moving average price is $43.04.

ABM Industries (NYSE:ABM) last released its earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted $0.87 earnings per share. ABM Industries’s revenue was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts expect that ABM Industries Incorporated will post 3.94 earnings per share for the current year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s dividend payout ratio (DPR) is 45.67%.

Institutional Trading of ABM Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after acquiring an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ABM Industries by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 984 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ABM Industries by 2.2% in the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after purchasing an additional 1,734 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ABM Industries by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after purchasing an additional 8,704 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of ABM Industries by 592.0% in the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after purchasing an additional 119,942 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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.