ABM Industries Incorporated (NYSE:ABM) Receives Average Recommendation of “Hold” from Brokerages

ABM Industries Incorporated (NYSE:ABM) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $50.88.

Several brokerages have recently issued reports on ABM. Robert W. Baird lifted their price target on ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Truist Financial raised their price objective on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, September 14th. Finally, UBS Group lifted their target price on shares of ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a research note on Wednesday, September 9th.

Hedge Funds Weigh In On ABM Industries

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of ABM Industries in the 2nd quarter valued at approximately $281,000. IFP Advisors Inc lifted its holdings in ABM Industries by 183.7% in the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock worth $26,000 after purchasing an additional 382 shares during the last quarter. Allworth Financial LP boosted its position in ABM Industries by 115.1% during the second quarter. Allworth Financial LP now owns 2,642 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,414 shares during the period. Nykredit A S bought a new stake in ABM Industries during the second quarter worth approximately $36,000. Finally, Corient Private Wealth LP grew its holdings in ABM Industries by 83.5% during the second quarter. Corient Private Wealth LP now owns 64,731 shares of the business services provider’s stock valued at $2,864,000 after purchasing an additional 29,460 shares during the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

ABM Industries Stock Up 1.0%

ABM stock opened at $48.93 on Friday. The company has a 50 day moving average of $48.38 and a two-hundred day moving average of $43.94. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.36 and a beta of 0.64. ABM Industries has a 12-month low of $36.96 and a 12-month high of $51.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.97.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company posted $0.82 EPS. ABM Industries’s revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities analysts anticipate that ABM Industries will post 4 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 1st. ABM Industries’s payout ratio is presently 41.88%.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.

ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.