ABM Industries (NYSE:ABM) Given New $45.00 Price Target at Truist Financial

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

ABM has been the topic of several other reports. UBS Group reaffirmed a “neutral” rating and set a $51.00 target price (down from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday. Robert W. Baird lowered 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 report on Wednesday. Finally, Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.25.

ABM Industries Trading Down 1.1%

Shares of ABM Industries stock opened at $40.84 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.48. The stock’s 50 day simple moving average is $44.75 and its 200-day simple moving average is $44.75. The stock has a market cap of $2.39 billion, a P/E ratio of 16.08 and a beta of 0.73. ABM Industries has a 1-year low of $39.12 and a 1-year high of $52.94.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Analysts predict 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. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s dividend payout ratio is presently 45.67%.

Insider Buying and Selling at ABM Industries

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 stock was sold at an average price of $44.12, for a total value of $1,369,220.08. Following the sale, the chief operating officer 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of ABM Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 520 shares in the last quarter. First Horizon Corp grew its holdings in shares of ABM Industries by 141.4% during the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after buying an additional 519 shares in the last quarter. Quarry LP grew its holdings in shares of ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after buying an additional 767 shares in the last quarter. Covestor Ltd raised its position in shares of ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after buying an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of ABM Industries during the fourth quarter valued at approximately $46,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Key ABM Industries News

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

• Positive Sentiment: Maxim Group upgraded ABM from “hold” to “buy” and set a $50 price target, signaling some analyst conviction in recovery potential. Maxim Upgrade
• Positive Sentiment: Board declared a quarterly dividend of $0.29 (annualized yield ~2.8%); ex-dividend date April 2 — supports income investors and can steady demand.
• Positive Sentiment: Revenue beat: Q1 revenue $2.24B topped estimates and organic revenue grew ~6.1%; ABM highlights technology/large‑venue expansion (e.g., Phillies deal) and the WGNSTAR acquisition to strengthen semiconductor services, which could drive higher‑margin opportunities. Phillies Deal WGNSTAR/Guidance
• Neutral Sentiment: Company reaffirmed FY‑2026 EPS guidance of $3.85–$4.15, showing management confidence in the plan but the midpoint is modestly below the Street consensus (~$4.03), leaving room for mixed investor interpretation. Press Release
• Neutral Sentiment: Q1 earnings call and transcript provide detail on margin pressure drivers and the integration plan for WGNSTAR — useful for investors modeling margin recovery timelines. Earnings Transcript
• Negative Sentiment: EPS miss: ABM reported $0.83 EPS vs. $0.87 expected. The earnings shortfall (despite the revenue beat) pressured the stock as investors focus on margins and profitability. Earnings Miss
• Negative Sentiment: Multiple analysts cut price targets (UBS, Truist, Robert W. Baird moved targets down toward $45) and issued neutral/hold ratings, reducing near‑term upside expectations and amplifying selling pressure. Analyst Actions
• Negative Sentiment: Market reaction: coverage and headlines note the stock sliding to a ~52‑week low after the print, reflecting short‑term investor disappointment on the EPS miss and guidance implications. 52-Week Low

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.