Analysts Set ABM Industries Incorporated (NYSE:ABM) Target Price at $46.25

ABM Industries Incorporated (NYSE:ABM) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $46.25.

Several research analysts have recently weighed in on the company. Wall Street Zen cut ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. UBS Group lowered their target price on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Robert W. Baird lowered their target price on ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st.

ABM Industries Trading Down 0.8%

ABM stock opened at $38.27 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries has a 12-month low of $36.96 and a 12-month high of $52.94. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 15.07 and a beta of 0.74. The business’s 50-day moving average is $42.32 and its 200 day moving average is $43.51.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data 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). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts anticipate that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the business’s stock in a transaction that occurred 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 directly owned 51,714 shares in the company, valued at $2,281,621.68. The trade was a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of ABM Industries

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of ABM Industries by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,834 shares of the business services provider’s stock valued at $171,394,000 after buying an additional 31,709 shares during the period. Invesco Ltd. raised its position in shares of ABM Industries by 31.7% during the 3rd quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after buying an additional 575,273 shares during the period. Nordea Investment Management AB raised its position in shares of ABM Industries by 1,068.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after buying an additional 1,468,887 shares during the period. Pzena Investment Management LLC raised its position in shares of ABM Industries by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 1,171,529 shares of the business services provider’s stock valued at $49,556,000 after buying an additional 6,687 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of ABM Industries by 419.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock valued at $51,254,000 after buying an additional 897,402 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Company Profile

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.