Ashland Global Holdings Inc. (NYSE:ASH) insider Anne T. Schumann sold 11,733 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $73.26, for a total transaction of $859,559.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Anne T. Schumann also recently made the following trade(s):
- On Tuesday, January 16th, Anne T. Schumann sold 8,507 shares of Ashland Global stock. The stock was sold at an average price of $73.46, for a total transaction of $624,924.22.
Ashland Global Holdings Inc. (ASH) traded down $0.69 during mid-day trading on Friday, reaching $69.77. 1,970,000 shares of the company were exchanged, compared to its average volume of 1,340,000. Ashland Global Holdings Inc. has a 12 month low of $59.80 and a 12 month high of $128.19. The company has a market capitalization of $4,340.00, a P/E ratio of -91.80, a P/E/G ratio of 2.18 and a beta of 1.14. 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 (NYSE:ASH) last released its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $842.05 million. During the same period in the previous year, the company earned $1.16 earnings per share. equities research analysts anticipate that Ashland Global Holdings Inc. will post 3.2 earnings per share for the current year.
The firm 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. This represents a $0.90 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, February 28th. Ashland Global’s dividend payout ratio (DPR) is presently -118.42%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, October 24th. Jefferies Group reaffirmed a “buy” rating on shares of Ashland Global in a research note on Tuesday, January 30th. Credit Suisse Group upped their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Seaport Global Securities reaffirmed a “buy” rating and set a $81.00 price objective on shares of Ashland Global in a research note on Wednesday, January 31st. Finally, SunTrust Banks upped their price objective on shares of Ashland Global to $83.00 and gave the company a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Ashland Global by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,268,006 shares of the basic materials company’s stock worth $375,081,000 after purchasing an additional 151,606 shares during the period. Wedge Capital Management L L P NC grew its holdings in Ashland Global by 11.8% in the third quarter. Wedge Capital Management L L P NC now owns 1,748,825 shares of the basic materials company’s stock worth $114,356,000 after purchasing an additional 185,176 shares during the period. Schroder Investment Management Group grew its holdings in Ashland Global by 30.7% in the third quarter. Schroder Investment Management Group now owns 1,463,395 shares of the basic materials company’s stock worth $95,999,000 after purchasing an additional 344,160 shares during the period. Neuberger Berman Group LLC grew its holdings in Ashland Global by 1.3% in the third quarter. Neuberger Berman Group LLC now owns 1,354,447 shares of the basic materials company’s stock worth $88,567,000 after purchasing an additional 17,839 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in 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 during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.
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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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