ABM Industries (NYSE:ABM) Trading 5.7% Higher – Still a Buy?

ABM Industries Incorporated (NYSE:ABM) shares shot up 5.7% on Friday . The company traded as high as $43.10 and last traded at $42.1350. 201,580 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 554,185 shares. The stock had previously closed at $39.88.

Analyst Ratings Changes

A number of brokerages recently weighed in on ABM. Weiss Ratings cut shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird dropped their price objective on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Truist Financial dropped their price objective on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. UBS Group dropped 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. Finally, Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.25.

ABM Industries Trading Up 7.8%

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day moving average price is $39.53 and its 200-day moving average price is $42.17. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.97 and a beta of 0.71.

ABM Industries (NYSE:ABM) last issued its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities analysts forecast that ABM Industries Incorporated will post 3.94 EPS for the current fiscal year.

ABM Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio is presently 45.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in ABM Industries by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock worth $157,007,000 after buying an additional 24,213 shares during the period. Invesco Ltd. grew its position in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after buying an additional 575,273 shares during the period. Pzena Investment Management LLC grew its position in ABM Industries by 30.0% during the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider’s stock worth $58,663,000 after buying an additional 351,407 shares during the period. Ameriprise Financial Inc. grew its position in ABM Industries by 419.5% during the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after buying an additional 897,402 shares during the period. Finally, Norges Bank acquired a new position in ABM Industries during the fourth quarter worth about $32,850,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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.