FDx Advisors Inc. grew its position in ABB Ltd (NYSE:ABB) by 101.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,740 shares of the industrial products company’s stock after purchasing an additional 20,510 shares during the period. FDx Advisors Inc.’s holdings in ABB were worth $1,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Peapack Gladstone Financial Corp increased its holdings in ABB by 4.7% during the third quarter. Peapack Gladstone Financial Corp now owns 9,536 shares of the industrial products company’s stock worth $243,000 after buying an additional 428 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in ABB by 24.9% during the fourth quarter. AdvisorNet Financial Inc now owns 2,264 shares of the industrial products company’s stock worth $63,000 after buying an additional 452 shares during the last quarter. BBVA USA Bancshares Inc. increased its holdings in ABB by 0.8% during the fourth quarter. BBVA USA Bancshares Inc. now owns 57,723 shares of the industrial products company’s stock worth $1,614,000 after buying an additional 462 shares during the last quarter. Parallel Advisors LLC increased its holdings in ABB by 3.7% during the third quarter. Parallel Advisors LLC now owns 13,428 shares of the industrial products company’s stock worth $342,000 after buying an additional 485 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in ABB by 10.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 5,326 shares of the industrial products company’s stock worth $136,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 4.08% of the company’s stock.

A number of analysts recently issued reports on ABB shares. Morgan Stanley restated an “underweight” rating on shares of ABB in a report on Friday, February 5th. TheStreet downgraded shares of ABB from a “b” rating to a “c+” rating in a research note on Monday, October 26th. Berenberg Bank upgraded shares of ABB from a “sell” rating to a “hold” rating in a research note on Monday, February 8th. Nordea Equity Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a research note on Friday, February 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of ABB in a research note on Friday, February 5th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.00.

Shares of ABB stock opened at $29.78 on Tuesday. ABB Ltd has a 12 month low of $14.71 and a 12 month high of $30.89. The stock has a market cap of $64.57 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average price is $29.74 and its 200-day moving average price is $27.22.

ABB (NYSE:ABB) last announced its earnings results on Wednesday, February 3rd. The industrial products company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The firm had revenue of $7.18 billion for the quarter, compared to analysts’ expectations of $6.96 billion. ABB had a net margin of 21.33% and a return on equity of 15.47%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, sell-side analysts forecast that ABB Ltd will post 0.81 earnings per share for the current fiscal year.

ABB Company Profile

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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