ABM Extends Partnership With Orlando International Airport

ABM Industries Incorporated ABM shares have had an impressive run over the past month. The stock appreciated 5.2% against the industry’s decline of 3.3% and the Zacks S&P 500 composite’s growth of 1.5%.

The company announced yesterday that it has extended its 20-year partnership with Orlando International Airport for five more years. As part of the extended partnership, ABM will provide parking and valet services at all three terminals that include the recently opened Terminal C, an innovative terminal focused on high-tech passenger conveniences.

ABM Industries Incorporated Price ABM Industries Incorporated Price

ABM Industries Incorporated price | ABM Industries Incorporated Quote

Well-Timed Move

The move makes sense as travelers’ demand for improved experiences is on the rise with increasing passenger volume and number of people parking at airports. It comes on the heels of ABM launching its innovative Smart Parking solution, ABMVantage.

Larry DeLuca, vice president of Aviation Landside Services Central, ABM said, “This partnership extension serves as a true testament of our shared commitment with MCO to deliver outstanding customer service and innovative solutions to help ensure airport guests are happy and safe from arrival to departure.”

Notably, ABM is one of the largest providers of facility services to the aviation industry in the United States, serving more than 2,000 client locations across the nation.

Zacks Rank & Stocks to Consider

The company currently carries a Zacks Rank #4 (Sell).

Investors interested in the Zacks Business Services sector can consider the following stocks.

Green Dot GDOT: GDOT currently sports a Zacks Rank #1 (Strong Buy) and has a VGM score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

The company has an impressive earning surprise history, beating the consensus mark in all the four trailing quarters. The company has an average surprise of 37.3%.

Maximus MMS: MMS has a VGM score of A and carries a Zacks Rank of 2 (Buy).

The company has an impressive earning surprise history, beating the Zacks Consensus mark in three instances and missing once, the average surprise being 9.6%.

Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the  $30 Trillion Metaverse Boom

It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.

>>Show me how I could profit from the metaverse!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ABM Industries Incorporated (ABM) : Free Stock Analysis Report

Green Dot Corporation (GDOT) : Free Stock Analysis Report

Maximus, Inc. (MMS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.