ABM Industries (NYSE:ABM) Hits New 12-Month High - What's Next?

Key Points

• ABM Industries shares reached a new 52-week high of $52.12, trading above their 50-day and 200-day moving averages. Analysts remain cautious, with a consensus “Hold” rating and an average price target of $50.88.
• ABM reported quarterly earnings of $1.04 per share, exceeding estimates of $1.01, while revenue rose 4.2% year over year to $2.32 billion. The company forecasts fiscal 2026 earnings of $3.95–$4.10 per share.
• The company declared a quarterly dividend of $0.29 per share, equivalent to a 2.2% annualized yield. Institutional investors and hedge funds own approximately 91.62% of ABM’s outstanding shares.

Shares of ABM Industries Incorporated (NYSE:ABM - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $52.12 and last traded at $51.5660, with a volume of 253,559 shares changing hands. The stock had previously closed at $51.41.

Wall Street Analyst Weigh In

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

ABM Industries Price Performance

The business's 50 day moving average price is $48.76 and its 200-day moving average price is $45.01. The company has a market cap of $3.02 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.97.

ABM Industries (NYSE:ABM - Get Free Report) last announced its earnings results on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm earned $0.82 earnings per share. The company's 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, analysts forecast that ABM Industries Incorporated will post 4.00 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, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, October 1st. ABM Industries's dividend payout ratio (DPR) is presently 41.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ABM. Aberdeen Wealth Management LLC acquired a new position in ABM Industries in the 2nd quarter valued at $25,000. IFP Advisors Inc raised its position in ABM Industries by 183.7% in the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider's stock worth $26,000 after purchasing an additional 382 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of ABM Industries during the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC grew its holdings in shares of ABM Industries by 1,451.4% in the 3rd quarter. Fortitude Family Office LLC now owns 574 shares of the business services provider's stock worth $28,000 after purchasing an additional 537 shares during the last quarter. Finally, Nykredit A S bought a new stake in ABM Industries during the 2nd quarter worth approximately $36,000. 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 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.

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