ABM Industries (NYSE:ABM) Upgraded to Buy at Maxim Group

Maxim Group upgraded shares of ABM Industries (NYSE:ABM) from a hold rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports. They currently have $50.00 price objective on the business services provider’s stock.

Several other research analysts have also issued reports on ABM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. UBS Group restated a “neutral” rating and issued a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Truist Financial reaffirmed a “hold” rating and issued a $47.00 price objective (down from $58.00) on shares of ABM Industries in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ABM Industries currently has an average rating of “Hold” and a consensus price target of $46.25.

ABM Industries Trading Down 1.1%

Shares of ABM stock opened at $40.84 on Wednesday. The company has a market capitalization of $2.39 billion, a P/E ratio of 16.08 and a beta of 0.73. ABM Industries has a 12-month low of $39.12 and a 12-month high of $52.94. The company has a quick ratio of 1.48, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $44.75 and a 200 day moving average price of $44.75.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.ABM Industries’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts forecast that ABM Industries will post 3.71 earnings per share 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. Stockholders of record on Thursday, April 2nd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s payout ratio is 45.67%.

Insider Buying and Selling

In other news, COO Rene Jacobsen sold 31,034 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were 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 $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On ABM Industries

A number of institutional investors have recently bought and sold shares of ABM. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 31,709 shares during the last quarter. Invesco Ltd. lifted its stake in shares of ABM Industries by 31.7% during the 3rd 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 last quarter. American Century Companies Inc. lifted its stake in shares of ABM Industries by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock worth $76,251,000 after buying an additional 24,638 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of 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 worth $73,297,000 after buying an additional 1,468,887 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of ABM Industries by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,502,219 shares of the business services provider’s stock worth $70,928,000 after buying an additional 10,182 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries News Roundup

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.