ABM Industries’ (ABM) “Hold” Rating Reiterated at Truist Financial

ABM Industries (NYSE:ABM)‘s stock had its “hold” rating reissued by research analysts at Truist Financial in a research report issued on Wednesday,Benzinga reports. They currently have a $47.00 price target on the business services provider’s stock, down from their previous price target of $58.00. Truist Financial’s price objective would indicate a potential upside of 3.45% from the stock’s current price.

A number of other analysts have also recently weighed in on ABM. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, October 8th. UBS Group restated a “neutral” rating and set a $51.00 price objective (down previously from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Finally, Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.67.

ABM Industries Stock Up 0.4%

NYSE:ABM opened at $45.43 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.54 and a beta of 0.75. ABM Industries has a 52 week low of $40.00 and a 52 week high of $54.90. The stock’s fifty day moving average is $43.55 and its two-hundred day moving average is $45.46.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Research analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

Insiders Place Their Bets

In related news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of 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 worth $4,100,000 after acquiring an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 valued at $1,752,000 after buying an additional 984 shares during the period. Millennium Management LLC boosted its position in ABM Industries by 2.2% during the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after acquiring an additional 1,734 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ABM Industries by 5.1% during the first 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 acquiring an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of ABM Industries by 592.0% during the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after purchasing an additional 119,942 shares during 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.