Truist Financial Cuts ABM Industries (NYSE:ABM) Price Target to $45.00

ABM Industries (NYSE:ABM) had its price target lowered by Truist Financial from $47.00 to $45.00 in a research report report published on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

ABM has been the subject of a number of other research reports. Wall Street Zen downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Finally, Robert W. Baird cut their target price on ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.25.

ABM Industries Stock Up 0.4%

NYSE:ABM opened at $38.81 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average is $44.60 and its two-hundred day moving average is $44.64. ABM Industries has a 52 week low of $38.27 and a 52 week high of $52.94. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.28 and a beta of 0.73.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s dividend payout ratio (DPR) is currently 45.67%.

Insiders Place Their Bets

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

Institutional Trading of ABM Industries

Several institutional investors and hedge funds have recently made changes to their positions in ABM. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ABM Industries by 590.9% in 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 acquiring an additional 520 shares during the period. First Horizon Corp increased its holdings in shares of ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 519 shares during the period. Quarry LP increased its holdings in shares of ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 767 shares during the period. Covestor Ltd raised its position in ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in ABM Industries in the 4th quarter valued at $46,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ABM Industries

Here are the key news stories impacting ABM Industries this week:

• Positive Sentiment: Maxim Group upgraded ABM to a “Buy,” which could attract buyers and provide support after the sell‑off. Maxim Group Upgrades ABM
• Positive Sentiment: NBCUniversal and ABM rehired more than 100 union janitors, averting a major protest — a positive operational and PR outcome that lowers near‑term labor disruption risk. NBCUniversal and ABM Rehire More Than 100 Union Janitors
• Neutral Sentiment: Profile pieces highlight ABM’s role in the NYSE Composite and its facility‑services positioning; useful context but not an immediate catalyst. ABM Facility Services Firm In NYSE Composite
• Neutral Sentiment: Q4/Q1 earnings roundups place ABM alongside peers — revenue growth noted, but margin and EPS trajectory are the focus for investors weighing the stock. Q4 Earnings Roundup: ABM And The Rest Of The Segment
• Negative Sentiment: ABM’s recent quarterly EPS missed estimates (revenue beat but margins slipped) and management set FY26 EPS below consensus — the miss and weaker outlook triggered roughly an 11% drop in the stock since the report. ABM Stock Price Decreases 11% Since Reporting Q1 Earnings Miss
• Negative Sentiment: Following the earnings miss the shares touched a new 1‑year low, signaling elevated downside risk until margins and guidance clarity improve. ABM Reaches New 1-Year Low After Earnings Miss
• Negative Sentiment: Multiple broker notes trimmed expectations — UBS cut its price target to $45, Robert W. Baird issued a pessimistic forecast, and Truist lowered expectations — adding analyst pressure on the stock. UBS Lowers ABM Price Target Robert W. Baird Issues Pessimistic Forecast Truist Lowers Expectations

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.