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

Ashland Global Holdings Inc. (NYSE:ASH) CFO J Kevin Willis sold 1,352 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $66.23, for a total value of $89,542.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ashland Global Holdings Inc. (NYSE:ASH) traded up $0.01 during trading on Friday, hitting $70.76. The stock had a trading volume of 748,509 shares, compared to its average volume of 563,713. Ashland Global Holdings Inc. has a 52 week low of $59.80 and a 52 week high of $128.19. The company has a quick ratio of 1.31, a current ratio of 1.97 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4,410.00, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.08.

Ashland Global Holdings (NYSE:ASH) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The firm 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 company posted $1.52 EPS. Ashland Global Holdings’s revenue for the quarter was up 16.7% compared to the same quarter last year. sell-side analysts predict that Ashland Global Holdings Inc. will post 3.44 EPS for the current year.

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

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Several analysts have issued reports on the company. Zacks Investment Research lowered Ashland Global Holdings from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. SunTrust Banks, Inc. restated a “buy” rating and issued a $74.00 price objective on shares of Ashland Global Holdings in a research note on Friday, November 10th. Credit Suisse Group upped their price objective on Ashland Global Holdings from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Deutsche Bank AG upped their price objective on Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, UBS AG upped their price objective on Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Ashland Global Holdings currently has a consensus rating of “Hold” and an average price target of $81.29.

Several institutional investors have recently bought and sold shares of ASH. Wellington Management Group LLP grew its position in Ashland Global Holdings by 197.1% during the first quarter. Wellington Management Group LLP now owns 5,467 shares of the basic materials company’s stock worth $677,000 after buying an additional 3,627 shares in the last quarter. Fox Run Management L.L.C. grew its position in Ashland Global Holdings by 45.9% during the second quarter. Fox Run Management L.L.C. now owns 5,400 shares of the basic materials company’s stock worth $356,000 after buying an additional 1,700 shares in the last quarter. Capstone Asset Management Co. grew its position in Ashland Global Holdings by 3.4% during the second quarter. Capstone Asset Management Co. now owns 6,379 shares of the basic materials company’s stock worth $420,000 after buying an additional 208 shares in the last quarter. Creative Planning grew its position in Ashland Global Holdings by 7.1% during the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after buying an additional 101 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Ashland Global Holdings by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 22,852 shares of the basic materials company’s stock worth $1,506,000 after buying an additional 992 shares in the last quarter. 94.23% of the stock is currently owned by institutional investors.

Ashland Global Holdings 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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