Oldfield Partners Llp Maintains Stake in Embraer Sa (ERJ); Abb LTD (ABB) Shares Rose While Keystone Financial Planning Has Cut Stake by $476,328

January 14, 2018 - By Darrin Black

Keystone Financial Planning Inc decreased its stake in Abb Ltd (ABB) by 15.31% based on its latest 2017Q3 regulatory filing with the SEC. Keystone Financial Planning Inc sold 19,847 shares as the company’s stock rose 9.90% with the market. The institutional investor held 109,809 shares of the electrical products company at the end of 2017Q3, valued at $2.72M, down from 129,656 at the end of the previous reported quarter. Keystone Financial Planning Inc who had been investing in Abb Ltd for a number of months, seems to be less bullish one the $60.45B market cap company. The stock increased 1.33% or $0.37 during the last trading session, reaching $28.09. About 1.56M shares traded. ABB Ltd (NYSE:ABB) has risen 23.97% since January 14, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

Oldfield Partners Llp increased its stake in Embraer Sa (ERJ) by 1.38% based on its latest 2017Q3 regulatory filing with the SEC. Oldfield Partners Llp bought 44,600 shares as the company’s stock declined 19.45% while stock markets rallied. The institutional investor held 3.29M shares of the aerospace company at the end of 2017Q3, valued at $74.33M, up from 3.24M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Embraer Sa for a number of months, seems to be bullish on the $4.81 billion market cap company. The stock decreased 0.71% or $0.18 during the last trading session, reaching $25.35. About 1.24M shares traded. Embraer S.A. (NYSE:ERJ) has declined 11.42% since January 14, 2017 and is downtrending. It has underperformed by 28.12% the S&P500.

Analysts await ABB Ltd (NYSE:ABB) to report earnings on February, 14. They expect $0.33 EPS, 0.00% or $0.00 from last year’s $0.33 per share. ABB’s profit will be $710.18 million for 21.28 P/E if the $0.33 EPS becomes a reality. After $0.34 actual EPS reported by ABB Ltd for the previous quarter, Wall Street now forecasts -2.94% negative EPS growth.

Among 15 analysts covering ABB Ltd (NYSE:ABB), 8 have Buy rating, 2 Sell and 5 Hold. Therefore 53% are positive. ABB Ltd had 35 analyst reports since August 21, 2015 according to SRatingsIntel. Robert W. Baird upgraded ABB Ltd (NYSE:ABB) rating on Monday, December 12. Robert W. Baird has “Outperform” rating and $25 target. Robert W. Baird maintained it with “Buy” rating and $28.0 target in Monday, September 25 report. The stock of ABB Ltd (NYSE:ABB) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, April 6. HSBC downgraded the shares of ABB in report on Friday, August 19 to “Hold” rating. JP Morgan downgraded ABB Ltd (NYSE:ABB) on Tuesday, September 22 to “Underweight” rating. The rating was upgraded by Natixis to “Buy” on Wednesday, February 8. The company was upgraded on Thursday, January 26 by Nordea. The rating was maintained by Robert W. Baird on Wednesday, August 23 with “Buy”. As per Wednesday, April 19, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating given on Thursday, April 21 by Societe Generale.

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