Ashland Global Holdings Inc. (NYSE:ASH) CFO J Kevin Willis sold 916 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $70.61, for a total transaction of $64,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

J Kevin Willis also recently made the following trade(s):

  • On Monday, November 20th, J Kevin Willis sold 2,543 shares of Ashland Global Holdings stock. The stock was sold at an average price of $70.63, for a total transaction of $179,612.09.
  • On Wednesday, November 15th, J Kevin Willis sold 1,352 shares of Ashland Global Holdings stock. The stock was sold at an average price of $66.23, for a total transaction of $89,542.96.

Ashland Global Holdings Inc. (NYSE ASH) traded down $0.11 during mid-day trading on Thursday, reaching $70.16. 517,900 shares of the company traded hands, compared to its average volume of 902,916. Ashland Global Holdings Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $71.02. The firm has a market capitalization of $4,366.76, a price-to-earnings ratio of 15.69, a PEG ratio of 2.06 and a beta of 1.07. The company has a current ratio of 1.97, a quick ratio of 1.31 and a debt-to-equity ratio of 0.76.

Ashland Global Holdings (NYSE:ASH) last released 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 firm had revenue of $880.00 million for the quarter, compared to analyst estimates of $869.62 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. equities analysts forecast that Ashland Global Holdings Inc. will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.28%. Ashland Global Holdings’s dividend payout ratio is currently -9,000,000.00%.

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Several hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its holdings in shares of Ashland Global Holdings by 600.3% during the third quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 1,999 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Ashland Global Holdings by 37.6% during the third quarter. Public Employees Retirement System of Ohio now owns 36,774 shares of the basic materials company’s stock valued at $2,405,000 after acquiring an additional 10,055 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Ashland Global Holdings by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 1,354,447 shares of the basic materials company’s stock valued at $88,567,000 after acquiring an additional 17,839 shares during the period. South Street Advisors LLC raised its holdings in shares of Ashland Global Holdings by 8.7% during the third quarter. South Street Advisors LLC now owns 88,199 shares of the basic materials company’s stock valued at $5,767,000 after acquiring an additional 7,069 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Ashland Global Holdings by 2.9% during the third quarter. California Public Employees Retirement System now owns 183,659 shares of the basic materials company’s stock valued at $12,009,000 after acquiring an additional 5,132 shares during the period. Institutional investors and hedge funds own 94.65% of the company’s stock.

ASH has been the subject of several recent research reports. Deutsche Bank AG increased their target price on shares of Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks, Inc. reissued a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a research note on Friday, November 10th. Jefferies Group LLC reissued a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a research note on Sunday, July 30th. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Finally, BidaskClub lowered shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.29.

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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