Ashland Inc. (ASH) CFO J Kevin Willis Sells 1,555 Shares
Ashland Inc. (NYSE:ASH) CFO J Kevin Willis sold 1,555 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $106.84, for a total transaction of $166,136.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Ashland Inc. (NYSE:ASH) traded up 0.68% during mid-day trading on Thursday, hitting $109.89. 324,122 shares of the stock traded hands. The stock has a 50-day moving average of $112.91 and a 200 day moving average of $115.03. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 36.67 and a beta of 0.98. Ashland Inc. has a 1-year low of $88.30 and a 1-year high of $125.00.
Ashland (NYSE:ASH) last posted its earnings results on Tuesday, November 8th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.09. Ashland had a positive return on equity of 15.23% and a negative net margin of 0.59%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. On average, equities analysts expect that Ashland Inc. will post $7.26 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. MU Investments Co. Ltd. purchased a new position in Ashland during the third quarter worth approximately $104,000. Bollard Group LLC purchased a new position in Ashland during the third quarter worth approximately $107,000. Global X Management Co. LLC boosted its position in Ashland by 104.9% in the second quarter. Global X Management Co. LLC now owns 994 shares of the company’s stock worth $114,000 after buying an additional 509 shares during the last quarter. Creative Planning boosted its position in Ashland by 87.4% in the second quarter. Creative Planning now owns 997 shares of the company’s stock worth $114,000 after buying an additional 465 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Ashland by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,008 shares of the company’s stock worth $116,000 after buying an additional 504 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.
ASH has been the topic of several research reports. Zacks Investment Research downgraded shares of Ashland from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. Jefferies Group reissued a “buy” rating and set a $140.00 price objective on shares of Ashland in a research report on Wednesday, November 9th. TheStreet downgraded shares of Ashland from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, Credit Suisse Group AG downgraded shares of Ashland from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $122.00 to $119.00 in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Ashland presently has a consensus rating of “Hold” and an average price target of $123.33.
Ashland 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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