ABM Industries Incorporated (ABM) – What Are Investment Firms Thinking About This Stock?

Shares of ABM Industries Incorporated (NYSE:ABM) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $50.88.

Several equities analysts recently issued reports on ABM shares. Robert W. Baird upped their price objective on ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. UBS Group boosted their price target on ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Truist Financial lifted their price target on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a report on Monday, September 14th. Wall Street Zen upgraded shares of ABM Industries from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings upgraded ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABM. Fortitude Family Office LLC grew its stake in shares of ABM Industries by 1,451.4% in the 3rd quarter. Fortitude Family Office LLC now owns 574 shares of the business services provider’s stock worth $28,000 after buying an additional 537 shares in the last quarter. Aberdeen Wealth Management LLC bought a new position in shares of ABM Industries in the 2nd quarter valued at about $25,000. IFP Advisors Inc grew its position in ABM Industries by 183.7% in the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock worth $26,000 after acquiring an additional 382 shares in the last quarter. Continuum Advisory LLC bought a new stake in ABM Industries during the second quarter worth approximately $27,000. Finally, Root Financial Partners LLC bought a new stake in ABM Industries during the third quarter worth approximately $33,000. 91.62% of the stock is owned by institutional investors.

ABM Industries Trading Down 0.6%

ABM opened at $53.22 on Thursday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.49 and a beta of 0.64. The business has a 50 day simple moving average of $49.45 and a two-hundred day simple moving average of $44.78. ABM Industries has a one year low of $36.96 and a one year high of $54.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42.

ABM Industries (NYSE:ABM) last posted its earnings results 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 return on equity of 12.46% and a net margin of 1.82%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Analysts predict that ABM Industries will post 4.00 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, October 1st. ABM Industries’s dividend payout ratio is presently 41.88%.

About ABM Industries

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.