ABM Industries Incorporated (NYSE:ABM) closed Friday at $46.36 per share, up from $45.97 a day earlier. While ABM Industries Incorporated has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ABM rose by 6.38%, with highs and lows ranging from $54.00 to $37.68, whereas the simple moving average jumped by 3.72% in the last 200 days.
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On June 21, 2022, Robert W. Baird Upgraded ABM Industries Incorporated (NYSE: ABM) to Outperform. A report published by Deutsche Bank on March 30, 2022, Initiated its previous ‘Buy’ rating for ABM. Sidoti May 27, 2020d its ‘Buy’ rating to ‘Neutral’ for ABM, as published in its report on May 27, 2020. Maxim Group’s report from April 08, 2020 suggests a price prediction of $27 for ABM shares, giving the stock a ‘Hold’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
Analysis of ABM Industries Incorporated (ABM)
The current dividend for ABM investors is set at $0.88 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 18.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of ABM Industries Incorporated’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 13.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ABM is recording an average volume of 308.74K. On a monthly basis, the volatility of the stock is set at 2.67%, whereas on a weekly basis, it is put at 2.48%, with a gain of 0.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $58.00, showing growth from the present price of $46.36, which can serve as yet another indication of whether ABM is worth investing in or should be passed over.
How Do You Analyze ABM Industries Incorporated Shares?
ABM Industries Incorporated (ABM) is based in the USA and is one of the most prominent companies operating in the Specialty Business Services market. When comparing ABM Industries Incorporated shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.60, there is a growth in quarterly earnings of 45.90%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ABM shares?
The recent increase in stakes in ABM appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in ABM has decreased by -2.08% in the first quarter. The company now owns 9,910,700 shares of the stock, with a value of $440.23 million, following the sale of -210,349 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in ABM during the first quarter, downing its stake by -1.59%. During the last quarter, the company picked up -128,868 additional shares for a total stake of worth $353.49 million, bringing number of shares owned by the company to 7,957,969.
During the first quarter, SSgA Funds Management, Inc. added a 563,592 position in ABM. Dimensional Fund Advisors LP purchased an additional 89431.0 shares in the last quarter, increasing its holdings by 2.10%, now holding 4.35 million shares worth $193.02 million. At the end of the first quarter, Principal Global Investors LLC increased its ABM holdings by 3.53% and now holds 1.85 million ABM shares valued at $82.37 million with the added 63294.0 shares during the period. ABM shares are owned by institutional investors to the tune of 97.50% at present.
