Shares of ABM Industries Incorporated (NYSE:ABM – Get Free Report) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.00.
A number of research firms have recently commented on ABM. Robert W. Baird lifted their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th.
Get Our Latest Research Report on ABM Industries
ABM Industries Stock Up 0.1%
ABM Industries (NYSE:ABM – Get Free Report) last posted its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. 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 EPS for the current year.
ABM Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is 44.62%.
Insiders Place Their Bets
In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of 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 transaction was disclosed in a legal filing 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 currently owned by corporate insiders.
Hedge Funds Weigh In On ABM Industries
Institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in ABM Industries by 2.1% in the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after buying an additional 231 shares during the period. Mackenzie Financial Corp raised its stake in shares of ABM Industries by 4.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after buying an additional 259 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in shares of ABM Industries by 2.4% during the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after acquiring an additional 289 shares during the period. Royal Bank of Canada lifted its holdings in shares of ABM Industries by 0.4% during the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after acquiring an additional 312 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of ABM Industries by 3.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock valued at $458,000 after acquiring an additional 320 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.
ABM Industries Company Profile
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.
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