Osama M. Musa Sells 2,156 Shares of Ashland Global Holdings Inc (ASH) Stock

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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.

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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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