Regal Investment Advisors LLC bought a new stake in ABB Ltd (NYSE:ABB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,254 shares of the industrial products company’s stock, valued at approximately $195,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. We Are One Seven LLC purchased a new position in shares of ABB in the fourth quarter valued at $37,000. NEXT Financial Group Inc purchased a new position in shares of ABB in the third quarter valued at $100,000. Belpointe Asset Management LLC purchased a new position in shares of ABB in the third quarter valued at $132,000. Covington Capital Management grew its position in shares of ABB by 231.9% in the third quarter. Covington Capital Management now owns 5,725 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of ABB by 146.4% in the fourth quarter. Quadrant Capital Group LLC now owns 11,198 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6,654 shares in the last quarter. Hedge funds and other institutional investors own 4.88% of the company’s stock.
ABB opened at $19.20 on Monday. ABB Ltd has a 12-month low of $18.05 and a 12-month high of $25.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.86. The stock has a market capitalization of $41.06 billion, a PE ratio of 15.36, a PEG ratio of 2.07 and a beta of 1.06.
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ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.
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