ABM Industries Incorporated (NYSE:ABM) Given Consensus Recommendation of “Hold” by Brokerages

ABM Industries Incorporated (NYSE:ABM) has been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.25.

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

ABM Industries Stock Performance

Shares of ABM stock opened at $38.67 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 15.22 and a beta of 0.74. ABM Industries has a 52-week low of $36.96 and a 52-week high of $52.94. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $42.61 and its 200 day moving average is $43.62.

ABM Industries (NYSE:ABM) last announced its earnings results 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). ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted $0.87 EPS. The firm’s revenue 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. On average, sell-side analysts anticipate that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

Insider Activity

In other 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 transaction of $1,369,220.08. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABM. Dimensional Fund Advisors LP raised its stake in ABM Industries by 0.8% in the fourth 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 last quarter. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 575,273 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of ABM Industries by 1,068.7% during the third 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. Pzena Investment Management LLC increased its holdings in shares of ABM Industries by 0.6% during the fourth quarter. Pzena Investment Management LLC now owns 1,171,529 shares of the business services provider’s stock valued at $49,556,000 after acquiring an additional 6,687 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of ABM Industries by 419.5% in 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 purchasing an additional 897,402 shares during the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

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.