Brokerages Set ABM Industries Incorporated (NYSE:ABM) PT at $47.00

ABM Industries Incorporated (NYSE:ABM) has been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $47.00.

ABM has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th.

ABM Industries Trading Up 3.8%

ABM opened at $48.22 on Tuesday. ABM Industries has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.22 and a beta of 0.70. The company’s 50 day moving average price is $42.62 and its two-hundred day moving average price is $42.42.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. ABM Industries’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, research analysts predict that ABM Industries will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is 44.62%.

Insider Activity at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.34, for a total value of $2,317,000.00. Following the sale, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of ABM Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of ABM Industries by 8.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,482 shares of the business services provider’s stock worth $287,000 after purchasing an additional 490 shares during the period. Versant Capital Management Inc increased its position in shares of ABM Industries by 24.7% during the second quarter. Versant Capital Management Inc now owns 2,316 shares of the business services provider’s stock worth $102,000 after buying an additional 458 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of ABM Industries during the first quarter worth $12,739,000. Empowered Funds LLC acquired a new stake in shares of ABM Industries during the first quarter worth $251,000. Finally, Glenmede Trust Co. NA bought a new position in ABM Industries during the first quarter worth $222,000. Institutional investors and hedge funds 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.