Regal Investment Advisors LLC Invests $195,000 in ABB Ltd (ABB)

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.

Several equities analysts recently commented on ABB shares. Kepler Capital Markets restated a “buy” rating on shares of ABB in a research report on Wednesday, December 12th. HSBC upgraded ABB from a “hold” rating to a “buy” rating in a research report on Monday, December 10th. Societe Generale restated a “buy” rating on shares of ABB in a research report on Thursday, October 25th. Bank of America upgraded ABB from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. Finally, TheStreet cut ABB from a “b” rating to a “c+” rating in a research report on Thursday, November 8th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. ABB presently has a consensus rating of “Hold” and an average target price of $21.84.

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ABB Profile

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.

Further Reading: What is the quiet period?

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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