ABM Industries (NYSE:ABM) Reaches New 1-Year High – Here’s Why

ABM Industries Incorporated (NYSE:ABM) reached a new 52-week high on Thursday. The stock traded as high as $55.70 and last traded at $55.41, with a volume of 10,157 shares trading hands. The stock had previously closed at $53.62.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group lifted their price objective on ABM Industries from $45.00 to $51.50 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Robert W. Baird upped their price target on shares of ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Weiss Ratings raised ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Wall Street Zen raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Truist Financial lifted their price objective on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.88.

ABM Industries Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50-day simple moving average of $50.15 and a 200-day simple moving average of $45.02. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.39 and a beta of 0.66.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data 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 firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. ABM Industries’s quarterly revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, research analysts predict that ABM Industries Incorporated will post 4.00 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 2.1%. ABM Industries’s dividend payout ratio (DPR) is 41.88%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC boosted its stake in ABM Industries by 1.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 10,750 shares of the business services provider’s stock worth $517,000 after purchasing an additional 195 shares during the period. Guidance Capital Inc. raised its stake in shares of ABM Industries by 1.4% during the 3rd quarter. Guidance Capital Inc. now owns 15,289 shares of the business services provider’s stock worth $735,000 after purchasing an additional 209 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of ABM Industries during the 3rd quarter worth $1,211,000. Verity Asset Management Inc. acquired a new stake in shares of ABM Industries in the third quarter worth about $211,000. Finally, Pzena Investment Management LLC lifted its holdings in ABM Industries by 4.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,880,964 shares of the business services provider’s stock worth $90,474,000 after purchasing an additional 72,761 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.