4,245 Shares in Ashland Global Holdings Inc (NYSE:ASH) Acquired by GAM Holding AG

GAM Holding AG purchased a new stake in Ashland Global Holdings Inc (NYSE:ASH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,245 shares of the basic materials company’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Ashland Global by 3.8% in the 1st quarter. BlackRock Inc. now owns 5,811,293 shares of the basic materials company’s stock valued at $454,037,000 after purchasing an additional 213,525 shares during the period. Vanguard Group Inc boosted its stake in Ashland Global by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after purchasing an additional 152,555 shares during the period. Wedge Capital Management L L P NC boosted its stake in Ashland Global by 13.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,508,861 shares of the basic materials company’s stock valued at $117,887,000 after purchasing an additional 177,909 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ashland Global by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,319,418 shares of the basic materials company’s stock valued at $103,093,000 after purchasing an additional 27,977 shares during the period. Finally, Naya Capital Management UK Ltd. boosted its stake in Ashland Global by 62.9% in the 4th quarter. Naya Capital Management UK Ltd. now owns 1,097,953 shares of the basic materials company’s stock valued at $77,911,000 after purchasing an additional 424,139 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

NYSE:ASH opened at $78.25 on Friday. The firm has a market cap of $5.02 billion, a PE ratio of 26.09, a P/E/G ratio of 2.69 and a beta of 1.27. The company has a quick ratio of 1.62, a current ratio of 2.27 and a debt-to-equity ratio of 0.68. Ashland Global Holdings Inc has a fifty-two week low of $64.93 and a fifty-two week high of $86.63.

Ashland Global (NYSE:ASH) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $667.00 million during the quarter, compared to the consensus estimate of $680.96 million. Ashland Global had a return on equity of 5.79% and a net margin of 2.30%. The company’s revenue was down 31.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. On average, research analysts expect that Ashland Global Holdings Inc will post 2.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Ashland Global’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 31st. Ashland Global’s dividend payout ratio is presently 30.73%.

In related news, insider Peter Ganz sold 1,562 shares of the company’s stock in a transaction on Monday, May 6th. The stock was 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 in the company, valued at approximately $2,983,948. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Heitman sold 7,203 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.49, for a total value of $572,566.47. Following the sale, the insider now 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 quarter, insiders have sold 15,065 shares of company stock valued at $1,189,252. Corporate insiders own 1.14% of the company’s stock.

A number of research firms have recently weighed in on ASH. JPMorgan Chase & Co. downgraded Ashland Global from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a research report on Friday. They noted that the move was a valuation call. TheStreet downgraded Ashland Global from a “b” rating to a “c” rating in a research report on Monday, June 10th. ValuEngine upgraded Ashland Global from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th. Finally, Zacks Investment Research downgraded Ashland Global from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ashland Global presently has an average rating of “Buy” and an average price target of $90.88.

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Ashland Global 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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Institutional Ownership by Quarter for Ashland Global (NYSE:ASH)

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