Advisors Asset Management Inc. raised its stake in Ashland Global Holdings Inc. (NYSE:ASH) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,775 shares of the basic materials company’s stock after buying an additional 1,904 shares during the period. Advisors Asset Management Inc.’s holdings in Ashland Global Holdings were worth $1,633,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of Ashland Global Holdings by 4.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 2,560 shares of the basic materials company’s stock valued at $317,000 after buying an additional 110 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Ashland Global Holdings by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 67,445 shares of the basic materials company’s stock valued at $8,341,000 after buying an additional 2,420 shares in the last quarter. Channing Capital Management LLC increased its stake in shares of Ashland Global Holdings by 42.5% in the first quarter. Channing Capital Management LLC now owns 145,009 shares of the basic materials company’s stock valued at $17,954,000 after buying an additional 43,232 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Ashland Global Holdings by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,258 shares of the basic materials company’s stock valued at $1,146,000 after buying an additional 58 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Ashland Global Holdings by 1.1% in the first quarter. Advisor Partners LLC now owns 1,969 shares of the basic materials company’s stock valued at $244,000 after buying an additional 22 shares in the last quarter. 95.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Ashland Global Holdings Inc. (NYSE:ASH) opened at 61.47 on Friday. Ashland Global Holdings Inc. has a 1-year low of $59.80 and a 1-year high of $128.19. The stock’s market capitalization is $3.84 billion. The stock’s 50 day moving average price is $63.86 and its 200-day moving average price is $62.59.

Ashland Global Holdings (NYSE:ASH) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.13. The business had revenue of $870 million during the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts anticipate that Ashland Global Holdings Inc. will post $4.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.46%. Ashland Global Holdings’s dividend payout ratio (DPR) is currently -25.42%.

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ASH has been the subject of a number of recent research reports. Zacks Investment Research raised Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Friday, April 28th. ValuEngine downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised Ashland Global Holdings from a “c” rating to a “b+” rating in a research note on Friday, June 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Ashland Global Holdings in a research note on Friday, June 23rd. Finally, J P Morgan Chase & Co raised their price target on Ashland Global Holdings from $61.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $88.33.

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.

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

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