Cozad Asset Management Inc. acquired a new stake in shares of ABB Ltd (NYSE:ABB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,290 shares of the industrial products company’s stock, valued at approximately $311,000.

Other hedge funds have also recently made changes to their positions in the company. Summit Trail Advisors LLC boosted its holdings in shares of ABB by 3,057.8% during the 1st quarter. Summit Trail Advisors LLC now owns 125,489 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 121,515 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of ABB during the 1st quarter valued at about $143,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ABB by 182.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,170 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 6,566 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of ABB during the 1st quarter valued at about $238,000. Finally, Round Table Services LLC purchased a new stake in shares of ABB during the 2nd quarter valued at about $258,000. 5.31% of the stock is currently owned by institutional investors.

Shares of NYSE ABB opened at $23.96 on Monday. ABB Ltd has a 52-week low of $21.22 and a 52-week high of $28.67. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 0.47. The stock has a market cap of $50.49 billion, a PE ratio of 17.49, a P/E/G ratio of 2.50 and a beta of 1.22.

ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. ABB had a net margin of 6.24% and a return on equity of 19.94%. The firm had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. equities research analysts forecast that ABB Ltd will post 1.38 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on ABB. Zacks Investment Research raised shares of ABB from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. ValuEngine downgraded shares of ABB from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Societe Generale raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ABB in a report on Monday, June 11th. Finally, DNB Markets began coverage on shares of ABB in a report on Monday, September 3rd. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

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.

Featured Story: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding ABB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ABB Ltd (NYSE:ABB).

Institutional Ownership by Quarter for ABB (NYSE:ABB)

Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.