ABM Industries’ (ABM) Hold Rating Reaffirmed at Truist Financial

Truist Financial reissued their hold rating on shares of ABM Industries (NYSE:ABM) in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a $47.00 price target on the business services provider’s stock, down from their prior price target of $58.00.

A number of other research analysts also recently commented on ABM. Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. UBS Group reissued a “neutral” rating and issued a $51.00 price target (down previously from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.67.

ABM Industries Stock Performance

ABM Industries stock opened at $45.86 on Wednesday. ABM Industries has a 52 week low of $40.00 and a 52 week high of $54.90. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.76 billion, a P/E ratio of 17.71 and a beta of 0.75. The stock has a 50 day moving average of $43.62 and a 200-day moving average of $45.46.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, analysts expect that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling

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

Institutional Investors Weigh In On ABM Industries

Several hedge funds have recently made changes to their positions in ABM. Nordea Investment Management AB grew its stake in 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 acquiring an additional 1,468,887 shares in the last quarter. Ameriprise Financial Inc. raised 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 valued at $51,254,000 after acquiring an additional 897,402 shares in the last quarter. Norges Bank acquired a new stake in ABM Industries in the second quarter valued at approximately $38,434,000. SG Capital Management LLC acquired a new stake in ABM Industries in the second quarter valued at approximately $29,064,000. Finally, Millennium Management LLC grew its position in ABM Industries by 883.5% in the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock worth $31,002,000 after acquiring an additional 603,853 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

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.