Ashland Global Holdings Inc. (NYSE:ASH) insider William J. Heitman sold 4,495 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $70.31, for a total value of $316,043.45. Following the transaction, the insider now owns 15,152 shares in the company, valued at approximately $1,065,337.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Ashland Global Holdings Inc. (NYSE:ASH) opened at $73.87 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4,596.84, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.13. Ashland Global Holdings Inc. has a 12-month low of $59.80 and a 12-month high of $128.19.
Ashland Global (NYSE:ASH) last released its earnings results on Monday, January 29th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $842.00 million for the quarter, compared to analyst estimates of $842.05 million. Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. During the same period last year, the company posted $1.16 earnings per share. sell-side analysts forecast that Ashland Global Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
ASH has been the topic of several recent research reports. Seaport Global Securities reiterated a “buy” rating and set a $81.00 price objective on shares of Ashland Global in a research report on Wednesday, January 31st. Deutsche Bank increased their price objective on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. UBS Group increased their price objective on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, SunTrust Banks reiterated a “buy” rating and set a $74.00 price objective on shares of Ashland Global in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sawyer & Company Inc acquired a new stake in shares of Ashland Global during the 4th quarter worth $157,000. Chicago Partners Investment Group LLC grew its holdings in shares of Ashland Global by 600.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 1,999 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ashland Global by 57.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,364 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 1,222 shares in the last quarter. Commonwealth Equity Services Inc acquired a new stake in shares of Ashland Global during the 3rd quarter worth $234,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Ashland Global during the 4th quarter worth $263,000. 91.74% of the stock is currently owned by institutional investors.
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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.
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