Private Advisor Group LLC Purchases 1,219 Shares of ABB Ltd (NYSE:ABB)

Private Advisor Group LLC grew its position in shares of ABB Ltd (NYSE:ABB – Get Rating) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,739 shares of the industrial products company’s stock after purchasing an additional 1,219 shares during the period. Private Advisor Group LLC’s holdings in ABB were worth $880,229,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ABB. Ronald Blue Trust Inc. bought a new position in ABB in the 2nd quarter worth about $29,000. AXA S.A. bought a new stake in ABB during the third quarter valued at approximately $25,000. Guardian Wealth Advisors LLC purchased a new position in ABB in the 3rd quarter worth approximately $40,000. Salem Investment Counselors Inc. increased its holdings in shares of ABB by 62.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,742 shares of the industrial products company’s stock worth $47,000 after buying an additional 671 shares during the last quarter. Finally, Align Wealth Management LLC purchased a new stake in shares of ABB during the 4th quarter valued at $51,000. Institutional investors own 5.24% of the company’s stock.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on ABB shares. StockNews.com assumed coverage on ABB in a research report on Thursday, March 16th. They set a “strong-buy” rating on the stock. Exane BNP Paribas cut shares of ABB from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 30th. Finally, BNP Paribas lowered shares of ABB from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.54.

ABB Price Performance

ABB stock opened at $32.14 on Tuesday. The stock has a market capitalization of $63.15 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 3.25 and a beta of 1.10. The firm’s 50-day moving average price is $33.70 and its two-hundred day moving average price is $30.76. The company has a current ratio of 1.18, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. ABB Ltd has a 12-month low of $24.27 and a 12-month high of $35.54.

About ABB

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ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Motion, Process Automation and Robotics & Discrete Automation. The Electrification segment manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket.

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