Fmr LLC lessened its holdings in Ashland Global Holdings Inc (NYSE:ASH) by 1.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,225,612 shares of the basic materials company’s stock after selling 15,371 shares during the period. Fmr LLC owned about 1.95% of Ashland Global worth $95,756,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Ffcm LLC purchased a new stake in Ashland Global in the 4th quarter worth approximately $28,000. Semmax Financial Advisors Inc. purchased a new stake in Ashland Global in the 4th quarter worth approximately $28,000. Doyle Wealth Management purchased a new stake in Ashland Global in the 4th quarter worth approximately $45,000. Claybrook Capital LLC purchased a new stake in Ashland Global in the 4th quarter worth approximately $48,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Ashland Global by 36.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.
In other Ashland Global news, insider Peter Ganz sold 1,562 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $74.32, for a total transaction of $116,087.84. Following the completion of the sale, the insider now directly owns 40,150 shares of the company’s stock, valued at approximately $2,983,948. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Heitman sold 7,203 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $79.49, for a total transaction of $572,566.47. Following the sale, the insider now directly owns 6,303 shares of the company’s stock, valued at $501,025.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,065 shares of company stock valued at $1,189,252. Insiders own 1.14% of the company’s stock.
Shares of ASH opened at $78.66 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.27. Ashland Global Holdings Inc has a 1 year low of $64.93 and a 1 year high of $86.63. The firm’s 50 day moving average is $76.02. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.63 and a beta of 1.27.
Ashland Global (NYSE:ASH) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Ashland Global had a net margin of 2.30% and a return on equity of 5.79%. The business had revenue of $667.00 million during the quarter, compared to analyst estimates of $680.96 million. During the same period last year, the firm posted $1.06 EPS. The company’s revenue was down 31.5% on a year-over-year basis. As a group, equities research analysts expect that Ashland Global Holdings Inc will post 2.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.275 per share. This is a positive change from Ashland Global’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, May 31st. Ashland Global’s dividend payout ratio (DPR) is 30.73%.
Several equities research analysts recently issued reports on ASH shares. TheStreet raised shares of Ashland Global from a “c+” rating to a “b” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Ashland Global from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. ValuEngine lowered shares of Ashland Global from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, JPMorgan Chase & Co. lowered shares of Ashland Global from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a report on Friday, June 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $90.88.
Ashland Global Company Profile
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.
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