Wall Street Zen upgraded shares of ABM Industries (NYSE:ABM – Free Report) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.
Other analysts have also recently issued reports about the company. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Robert W. Baird raised their target price on ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Truist Financial boosted their price target on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a report on Monday, September 14th. Finally, UBS Group increased their price objective on shares of ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. One 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 presently has an average rating of “Hold” and an average target price of $50.88.
Get Our Latest Stock Analysis on ABM Industries
ABM Industries Stock Up 1.1%
ABM Industries (NYSE:ABM – Get Free Report) last released its earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, equities research analysts expect that ABM Industries will post 4.00 earnings per share for the current year.
ABM Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.3%. ABM Industries’s dividend payout ratio (DPR) is currently 41.88%.
Institutional Investors Weigh In On ABM Industries
Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in ABM Industries by 21.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,443 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 254 shares in the last quarter. IFP Advisors Inc raised its position in ABM Industries by 183.7% in the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 382 shares during the last quarter. Versant Capital Management Inc boosted its stake in ABM Industries by 24.7% in the second quarter. Versant Capital Management Inc now owns 2,316 shares of the business services provider’s stock worth $102,000 after purchasing an additional 458 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in ABM Industries by 8.2% in the second 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 in the last quarter. Finally, Aberdeen Wealth Management LLC acquired a new position in ABM Industries in the second quarter worth $25,000. 91.62% of the stock is owned by institutional investors and hedge funds.
About ABM Industries
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.
ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.
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