KBC Group NV increased its holdings in Ashland Global Holdings Inc. (NYSE:ASH) by 19.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,971 shares of the basic materials company’s stock after buying an additional 37,766 shares during the quarter. KBC Group NV owned about 0.38% of Ashland Global worth $15,431,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in Ashland Global by 7.1% during the 2nd quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 101 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in Ashland Global during the 3rd quarter valued at $234,000. Sciencast Management LP bought a new position in Ashland Global during the 2nd quarter valued at $271,000. Trexquant Investment LP bought a new position in Ashland Global during the 2nd quarter valued at $290,000. Finally, World Asset Management Inc boosted its stake in Ashland Global by 2.4% during the 2nd quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 104 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

In other news, CFO J Kevin Willis sold 916 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Ganz sold 3,379 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $70.63, for a total value of $238,658.77. The disclosure for this sale can be found here. Insiders have sold a total of 16,342 shares of company stock valued at $1,148,839 in the last quarter. Insiders own 1.27% of the company’s stock.

A number of equities analysts have issued reports on the company. Deutsche Bank increased their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 price target on shares of Ashland Global in a research note on Friday, November 10th. UBS increased their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Finally, BidaskClub lowered Ashland Global from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.57.

Shares of Ashland Global Holdings Inc. (NYSE:ASH) opened at $73.50 on Friday. Ashland Global Holdings Inc. has a 52-week low of $53.79 and a 52-week high of $74.75. The company has a market capitalization of $4,597.31, a price-to-earnings ratio of 16.51, a PEG ratio of 2.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.31 and a current ratio of 1.97.

Ashland Global (NYSE:ASH) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $880.00 million for the quarter, compared to analyst estimates of $869.62 million. During the same quarter last year, the company posted $1.52 EPS. Ashland Global’s revenue was up 16.7% on a year-over-year basis. sell-side analysts forecast that Ashland Global Holdings Inc. will post 3.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.22%. Ashland Global’s dividend payout ratio (DPR) is presently -9,000,000.00%.

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About Ashland Global

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 (NYSE:ASH)

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