ABM Industries (NYSE:ABM – Get Free Report) had its price target raised by Robert W. Baird from $48.00 to $53.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 4.51% from the company’s previous close.
Separately, Weiss Ratings raised shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.25.
View Our Latest Stock Analysis on ABM
ABM Industries Stock Performance
ABM Industries (NYSE:ABM – Get Free Report) last issued its earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, sell-side analysts anticipate that ABM Industries will post 3.97 EPS for the current fiscal year.
Insider Buying and Selling at ABM Industries
In other news, CEO Scott Salmirs sold 50,000 shares of the business’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 transaction of $2,317,000.00. Following the sale, the chief executive officer directly owned 395,285 shares in the company, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.
Hedge Funds Weigh In On ABM Industries
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in ABM Industries in the second quarter worth about $410,948,000. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $157,007,000 after purchasing an additional 24,213 shares during the period. California State Teachers Retirement System grew its stake in shares of ABM Industries by 4,207.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,125,335 shares of the business services provider’s stock valued at $138,265,000 after purchasing an additional 3,052,778 shares during the period. Invesco Ltd. raised its holdings in shares of ABM Industries by 31.7% in 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 in the last quarter. Finally, Pzena Investment Management LLC acquired a new position in shares of ABM Industries in the 2nd quarter worth approximately $79,995,000. 91.62% of the stock is owned by institutional investors.
ABM Industries News Roundup
Here are the key news stories impacting ABM Industries this week:
- Positive Sentiment: Third-quarter results exceeded expectations. Adjusted EPS rose 27% year over year to $1.04, beating the $1.01 consensus estimate, while revenue increased 4.2% to a quarterly record of approximately $2.32 billion. Net income rose 19% to $49.7 million, and adjusted EBITDA increased 11% to $139.6 million. ABM Industries Posts Higher 3Q Profit, Revenue
- Positive Sentiment: ABM raised its fiscal 2026 outlook. The company now expects adjusted EPS of $3.95 to $4.10, with management highlighting strong operating performance. It also increased expectations for operating and free cash flow, which totaled $146.8 million and $128.4 million, respectively, in the quarter. ABM Reports Fiscal Third Quarter 2026 Results
- Positive Sentiment: Shareholder returns remain supported by the quarterly dividend. ABM declared a $0.29-per-share dividend, payable November 2 to shareholders of record October 1. The annualized payout is approximately $1.16 per share, representing a yield of about 2.3%.
- Neutral Sentiment: Revenue growth consisted of 2.1% organic growth and 2.1% acquisition-related growth. Analysts remain constructive because of broad segment growth, liquidity and improving earnings expectations, although the shares’ valuation and performance near the 52-week high may limit additional near-term upside. Why Retain ABM Stock
- Negative Sentiment: Margin pressure and competition remain risks for ABM Industries. Despite the earnings beat, the company’s net margin was only 1.75%, leaving profitability sensitive to labor costs, execution and competitive pricing.
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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