Diversified Investment Strategies LLC Cut Its Abb LTD (ABB) Holding by $3.29 Million

February 15, 2018 - By Vivian Park

Diversified Investment Strategies Llc decreased its stake in Abb Ltd (ABB) by 93.35% based on its latest 2017Q3 regulatory filing with the SEC. Diversified Investment Strategies Llc sold 137,200 shares as the company’s stock rose 9.90% with the market. The institutional investor held 9,775 shares of the electrical products company at the end of 2017Q3, valued at $242,000, down from 146,975 at the end of the previous reported quarter. Diversified Investment Strategies Llc who had been investing in Abb Ltd for a number of months, seems to be less bullish one the $51.65 billion market cap company. The stock increased 2.17% or $0.54 during the last trading session, reaching $25.41. About 1.51 million shares traded. ABB Ltd (NYSE:ABB) has risen 23.97% since February 15, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

More important recent ABB Ltd (NYSE:ABB) news were published by: Seekingalpha.com which released: “ABB: The Worst Is Behind But The Future Is Overvalued” on May 10, 2017, also Fool.com published article titled: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker”, Fool.com published: “Is ABB Ltd (ADR) Destined for Greatness?” on June 10, 2014. More interesting news about ABB Ltd (NYSE:ABB) was released by: Marketwatch.com and their article: “ABB Ltd. ADR” with publication date: July 23, 2009.

ABB Ltd (NYSE:ABB) Ratings Coverage

Among 15 analysts covering ABB Ltd (NYSE:ABB), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. ABB Ltd had 37 analyst reports since August 21, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, October 4 report. The stock of ABB Ltd (NYSE:ABB) has “Buy” rating given on Tuesday, October 31 by Goldman Sachs. JP Morgan upgraded the shares of ABB in report on Wednesday, April 20 to “Neutral” rating. The stock has “Underweight” rating by JP Morgan on Tuesday, September 22. The firm has “Hold” rating by Robert W. Baird given on Thursday, February 8. The rating was upgraded by HSBC on Friday, August 21 to “Buy”. As per Friday, December 11, the company rating was upgraded by RBC Capital Markets. The rating was upgraded by BNP Paribas on Thursday, September 1 to “Outperform”. The firm earned “Sell” rating on Thursday, July 20 by Jefferies. The stock of ABB Ltd (NYSE:ABB) earned “Buy” rating by Nordea on Thursday, January 26.

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