TD Asset Management Inc. lifted its position in Ashland Global Holdings Inc. (NYSE:ASH) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,000 shares of the basic materials company’s stock after buying an additional 2,000 shares during the quarter. TD Asset Management Inc. owned about 0.10% of Ashland Global worth $4,250,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ASH. Creative Planning boosted its position in Ashland Global by 7.1% during the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 101 shares during the period. Commonwealth Equity Services Inc acquired a new position in shares of Ashland Global during the third quarter worth approximately $234,000. Sciencast Management LP acquired a new position in shares of Ashland Global during the second quarter worth approximately $271,000. Trexquant Investment LP acquired a new position in shares of Ashland Global during the second quarter worth approximately $290,000. Finally, World Asset Management Inc lifted its holdings in shares of Ashland Global by 2.4% during the second quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock worth $292,000 after buying an additional 104 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
Ashland Global Holdings Inc. (ASH) traded down $0.29 during trading on Friday, reaching $71.20. The company had a trading volume of 350,770 shares, compared to its average volume of 556,007. The company has a market capitalization of $4,448.45, a PE ratio of -7,120,000.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Ashland Global Holdings Inc. has a fifty-two week low of $54.08 and a fifty-two week high of $74.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.31 and a current ratio of 1.97.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 30th. Ashland Global’s dividend payout ratio is currently -9,000,000.00%.
A number of research analysts have recently commented on ASH shares. Zacks Investment Research upgraded Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, October 24th. Credit Suisse Group upped their price target on Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. UBS Group upped their target price on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and issued a $74.00 price target on shares of Ashland Global in a research report on Sunday, September 3rd. Finally, Deutsche Bank upped their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.57.
In related news, insider Peter Ganz sold 3,379 shares of Ashland Global stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO J Kevin Willis sold 8,152 shares of Ashland Global stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $70.70, for a total value of $576,346.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,342 shares of company stock worth $1,148,839. 1.14% of the stock is currently owned by insiders.
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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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