Truist Financial Reiterates Hold Rating for ABM Industries (NYSE:ABM)

ABM Industries (NYSE:ABM)‘s stock had its “hold” rating reaffirmed by analysts at Truist Financial in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $47.00 price objective on the business services provider’s stock, down from their prior price objective of $58.00. Truist Financial’s price target suggests a potential upside of 1.38% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $51.00 price target (down previously from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.67.

ABM Industries Price Performance

Shares of ABM stock opened at $46.36 on Wednesday. The company has a market capitalization of $2.79 billion, a PE ratio of 17.90 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. The firm’s 50-day moving average is $43.70 and its two-hundred day moving average is $45.47. ABM Industries has a 12 month low of $40.00 and a 12 month high of $54.90.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.21). The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Analysts predict that ABM Industries will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On ABM Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in ABM Industries by 31.7% in the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after acquiring an additional 575,273 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 valued at $76,251,000 after purchasing an additional 24,638 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of ABM Industries by 1,068.7% in the 3rd 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 during the period. Geode Capital Management LLC grew its stake in ABM Industries by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,502,219 shares of the business services provider’s stock worth $70,928,000 after buying an additional 10,182 shares during the last quarter. Finally, LSV Asset Management grew its stake in ABM Industries by 1.2% during the 2nd quarter. LSV Asset Management now owns 1,402,702 shares of the business services provider’s stock worth $66,222,000 after buying an additional 16,530 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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.