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

Shares of ABM Industries Incorporated (NYSE:ABM) have received a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $47.00.

A number of analysts recently weighed in on the company. Weiss Ratings downgraded ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. UBS Group dropped their target price on 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 ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, March 11th. Truist Financial dropped their target price on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Finally, Robert W. Baird boosted their target price on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th.

Insider Buying and Selling

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries 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 transaction, the chief executive officer directly owned 395,285 shares of the company’s stock, valued at $18,317,506.90. The trade was a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On ABM Industries

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in ABM Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock worth $157,007,000 after purchasing an additional 24,213 shares during the period. Invesco Ltd. increased 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 valued at $110,267,000 after buying an additional 575,273 shares during the period. Pzena Investment Management LLC increased its stake in shares of ABM Industries by 30.0% during the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider’s stock valued at $58,663,000 after buying an additional 351,407 shares during the period. Ameriprise Financial Inc. increased its stake in shares of 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 buying an additional 897,402 shares during the period. Finally, Norges Bank purchased a new position in shares of ABM Industries during the fourth quarter valued at approximately $32,850,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Stock Performance

Shares of ABM opened at $44.76 on Friday. The company has a market cap of $2.62 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $41.19 and a 200-day moving average price of $42.35. ABM Industries has a 12-month low of $36.96 and a 12-month high of $50.12.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts forecast that ABM Industries will post 3.96 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 2nd. ABM Industries’s payout ratio is 44.62%.

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.