Ashland Global Holdings Inc (NYSE:ASH) insider Osama M. Musa sold 2,156 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $78.87, for a total value of $170,043.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:ASH opened at $78.30 on Friday. The firm has a market cap of $4.93 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. Ashland Global Holdings Inc has a 1-year low of $64.81 and a 1-year high of $86.63. The company has a current ratio of 2.20, a quick ratio of 1.51 and a debt-to-equity ratio of 0.69.
Ashland Global (NYSE:ASH) last posted its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $585.78 million. Ashland Global had a return on equity of 6.17% and a net margin of 2.01%. Ashland Global’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities research analysts predict that Ashland Global Holdings Inc will post 3.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 28th. Ashland Global’s payout ratio is 27.93%.
Several brokerages have recently weighed in on ASH. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Credit Suisse Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Ashland Global in a report on Monday, February 4th. Buckingham Research began coverage on Ashland Global in a report on Monday, December 17th. They set a “neutral” rating for the company. Deutsche Bank reduced their target price on Ashland Global from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. raised Ashland Global from a “neutral” rating to an “overweight” rating and set a $68.23 target price for the company in a report on Thursday, December 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $89.80.
Large investors have recently bought and sold shares of the stock. Ffcm LLC acquired a new position in Ashland Global during the fourth quarter valued at $28,000. Semmax Financial Advisors Inc. acquired a new position in Ashland Global during the fourth quarter valued at $28,000. Doyle Wealth Management acquired a new position in Ashland Global during the fourth quarter valued at $45,000. Robeco Institutional Asset Management B.V. raised its position in Ashland Global by 36.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock valued at $48,000 after buying an additional 182 shares during the period. Finally, Claybrook Capital LLC acquired a new position in Ashland Global during the fourth quarter valued at $48,000. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
Ashland Global Company Profile
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.
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