ABM Industries (NYSE:ABM) Hits New 1-Year Low – Here’s Why

Shares of ABM Industries Incorporated (NYSE:ABM) hit a new 52-week low during trading on Monday . The stock traded as low as $38.24 and last traded at $38.2580, with a volume of 632804 shares trading hands. The stock had previously closed at $38.77.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. UBS Group reduced their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, March 11th. Robert W. Baird dropped their target price on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Finally, Wall Street Zen downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.25.

ABM Industries Price Performance

The stock has a fifty day moving average of $44.38 and a two-hundred day moving average of $44.42. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.77 and a beta of 0.73. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.ABM Industries’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities research analysts forecast that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 3.1%. ABM Industries’s dividend payout ratio is presently 45.67%.

Insider Activity

In related news, COO Rene Jacobsen sold 31,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the transaction, the chief operating officer directly owned 51,714 shares in the company, valued at approximately $2,281,621.68. The trade was a 37.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in ABM Industries by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock worth $76,251,000 after purchasing an additional 24,638 shares during the period. Nordea Investment Management AB lifted its holdings in shares of ABM Industries by 1,068.7% in the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after purchasing an additional 1,468,887 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of ABM Industries by 7.0% in the second quarter. Prudential Financial Inc. now owns 270,666 shares of the business services provider’s stock valued at $12,778,000 after purchasing an additional 17,755 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of ABM Industries by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider’s stock worth $11,201,000 after buying an additional 30,761 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of ABM Industries by 11.2% during the second quarter. Intech Investment Management LLC now owns 72,308 shares of the business services provider’s stock worth $3,414,000 after buying an additional 7,268 shares during the period. Institutional investors 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.