J Kevin Willis Sells 1,352 Shares of Ashland Global Holdings Inc. (ASH) Stock

Ashland Global Holdings Inc. (NYSE:ASH) CFO J Kevin Willis sold 1,352 shares of Ashland Global Holdings stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total value of $89,542.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Ashland Global Holdings Inc. (NYSE:ASH) traded up $0.01 during trading hours on Friday, reaching $70.76. The company’s stock had a trading volume of 748,509 shares, compared to its average volume of 563,713. Ashland Global Holdings Inc. has a one year low of $59.80 and a one year high of $128.19. The firm has a market capitalization of $4,410.00, a P/E ratio of 14.88, a PEG ratio of 1.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $869.62 million. During the same period in the previous year, the firm posted $1.52 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Ashland Global Holdings Inc. will post 3.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, November 30th. Ashland Global Holdings’s payout ratio is presently -50.85%.

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A number of equities research analysts recently commented on ASH shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a report on Sunday, July 30th. Deutsche Bank AG lifted their target price on Ashland Global Holdings from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. UBS AG lifted their target price on Ashland Global Holdings from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research raised Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Tuesday, October 24th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.29.

A number of large investors have recently made changes to their positions in ASH. Wellington Management Group LLP lifted its holdings in Ashland Global Holdings by 197.1% in the first quarter. Wellington Management Group LLP now owns 5,467 shares of the basic materials company’s stock valued at $677,000 after acquiring an additional 3,627 shares during the period. Fox Run Management L.L.C. lifted its holdings in Ashland Global Holdings by 45.9% in the second quarter. Fox Run Management L.L.C. now owns 5,400 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 1,700 shares during the period. Capstone Asset Management Co. increased its position in shares of Ashland Global Holdings by 3.4% in the second quarter. Capstone Asset Management Co. now owns 6,379 shares of the basic materials company’s stock valued at $420,000 after buying an additional 208 shares in the last quarter. Creative Planning increased its position in shares of Ashland Global Holdings by 7.1% in the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock valued at $101,000 after buying an additional 101 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Ashland Global Holdings by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,852 shares of the basic materials company’s stock valued at $1,506,000 after buying an additional 992 shares in the last quarter. 94.23% of the stock is owned by institutional investors.

About Ashland Global Holdings

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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