ABM Industries (NYSE:ABM) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of ABM Industries Incorporated (NYSE:ABM) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $43.09 and traded as high as $47.54. ABM Industries shares last traded at $46.9940, with a volume of 309,813 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ABM shares. Robert W. Baird upped their price target on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings upgraded ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.00.

ABM Industries Trading Up 0.7%

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 company has a fifty day moving average price of $43.41 and a two-hundred day moving average price of $42.58. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.23 and a beta of 0.70.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, research analysts forecast that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. ABM Industries’s dividend payout ratio is currently 44.62%.

Insider Transactions at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the firm’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 approximately $18,317,506.90. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in ABM Industries by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock valued at $157,007,000 after acquiring an additional 24,213 shares during the last quarter. Invesco Ltd. increased its stake in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after acquiring an additional 575,273 shares during the last quarter. Pzena Investment Management LLC raised its position in ABM Industries by 30.0% in 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 purchasing an additional 351,407 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock valued at $51,254,000 after purchasing an additional 897,402 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of ABM Industries in the 4th quarter valued at $32,850,000. Institutional investors and hedge funds 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.