Schroder Investment Management Group trimmed its position in Ashland Global Holdings Inc. (NYSE:ASH) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,448,768 shares of the basic materials company’s stock after selling 14,627 shares during the quarter. Schroder Investment Management Group owned about 2.33% of Ashland Global worth $103,152,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Mutual of America Capital Management LLC increased its holdings in shares of Ashland Global by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 54,649 shares of the basic materials company’s stock worth $3,891,000 after purchasing an additional 770 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Ashland Global by 0.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 239,579 shares of the basic materials company’s stock worth $17,058,000 after purchasing an additional 950 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Ashland Global by 0.6% in the third quarter. New York State Common Retirement Fund now owns 184,400 shares of the basic materials company’s stock worth $12,058,000 after purchasing an additional 1,162 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ashland Global by 57.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 1,222 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Ashland Global by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 91,533 shares of the basic materials company’s stock worth $6,033,000 after purchasing an additional 1,223 shares during the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Jefferies Group reaffirmed a “buy” rating on shares of Ashland Global in a report on Tuesday, January 30th. Seaport Global Securities reaffirmed a “buy” rating and issued a $81.00 target price on shares of Ashland Global in a report on Wednesday, January 31st. Credit Suisse Group lifted their target price on Ashland Global from $69.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Monness Crespi & Hardt cut Ashland Global from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Ashland Global from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.00.
In other Ashland Global news, CFO J Kevin Willis sold 2,543 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $70.63, for a total transaction of $179,612.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anne T. Schumann sold 11,733 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $73.26, for a total value of $859,559.58. The disclosure for this sale can be found here. Insiders have sold 38,809 shares of company stock worth $2,795,145 over the last three months. 1.14% of the stock is currently owned by insiders.
Shares of Ashland Global Holdings Inc. (NYSE:ASH) opened at $72.24 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.29 and a current ratio of 1.96. Ashland Global Holdings Inc. has a 52 week low of $59.80 and a 52 week high of $128.19. The firm has a market capitalization of $4,551.42, a P/E ratio of -1,204.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13.
Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $842.05 million. During the same period in the previous year, the firm earned $1.16 earnings per share. equities analysts predict 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 paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.90 annualized dividend and a yield of 1.25%. Ashland Global’s payout ratio is currently -1,500.00%.
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Ashland Global Company 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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