Cramer Rosenthal Mcglynn LLC lessened its holdings in Ashland Global Holdings Inc. (NYSE:ASH) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,215 shares of the basic materials company’s stock after selling 13,325 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.45% of Ashland Global worth $19,880,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Ashland Global by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,157,066 shares of the basic materials company’s stock worth $75,662,000 after purchasing an additional 51,277 shares in the last quarter. Swiss National Bank lifted its position in shares of Ashland Global by 2.5% in the fourth quarter. Swiss National Bank now owns 106,300 shares of the basic materials company’s stock worth $7,569,000 after purchasing an additional 2,600 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ashland Global by 0.6% in the third quarter. Legal & General Group Plc now owns 288,270 shares of the basic materials company’s stock worth $18,851,000 after purchasing an additional 1,844 shares in the last quarter. First Financial Bank Trust Division bought a new stake in shares of Ashland Global in the fourth quarter worth $2,350,000. Finally, Fox Run Management L.L.C. raised its position in Ashland Global by 29.8% during the fourth quarter. Fox Run Management L.L.C. now owns 9,865 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 2,265 shares in the last quarter. 96.93% of the stock is currently owned by institutional investors and hedge funds.
In other Ashland Global news, insider William J. Heitman sold 4,495 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $70.31, for a total value of $316,043.45. Following the transaction, the insider now directly owns 15,152 shares in the company, valued at $1,065,337.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Anne T. Schumann sold 8,507 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $73.46, for a total transaction of $624,924.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,735 shares of company stock worth $1,800,527. Corporate insiders own 1.14% of the company’s stock.
Shares of Ashland Global Holdings Inc. (ASH) opened at $71.68 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.76. Ashland Global Holdings Inc. has a 1 year low of $59.80 and a 1 year high of $77.16. The stock has a market cap of $4,525.28, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11.
Ashland Global (NYSE:ASH) last released its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Ashland Global had a negative net margin of 0.08% and a positive return on equity of 7.14%. The company had revenue of $842.00 million during the quarter, compared to analyst estimates of $842.05 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. equities analysts anticipate that Ashland Global Holdings Inc. will post 3.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Ashland Global’s dividend payout ratio is currently -1,500.00%.
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Ashland Global Profile
Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.
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