Quantitative Investment Management LLC bought a new position in shares of Ashland Global Holdings Inc. (NYSE:ASH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 64,500 shares of the basic materials company’s stock, valued at approximately $4,592,000. Quantitative Investment Management LLC owned 0.10% of Ashland Global at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Ashland Global by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,157,066 shares of the basic materials company’s stock worth $75,662,000 after buying an additional 51,277 shares during the period. Swiss National Bank lifted its stake in shares of Ashland Global by 2.5% in the 4th quarter. Swiss National Bank now owns 106,300 shares of the basic materials company’s stock valued at $7,569,000 after purchasing an additional 2,600 shares during the period. Legal & General Group Plc lifted its stake in shares of Ashland Global by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 288,270 shares of the basic materials company’s stock valued at $18,851,000 after purchasing an additional 1,844 shares during the period. First Financial Bank Trust Division acquired a new position in shares of Ashland Global in the 4th quarter valued at about $2,350,000. Finally, Fox Run Management L.L.C. lifted its stake in shares of Ashland Global by 29.8% in the 4th quarter. Fox Run Management L.L.C. now owns 9,865 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 2,265 shares during the period. 96.93% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider William J. Heitman sold 4,495 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $70.31, for a total value of $316,043.45. Following the completion of the sale, the insider now directly owns 15,152 shares of the company’s stock, valued at approximately $1,065,337.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne T. Schumann sold 11,733 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $73.26, for a total value of $859,559.58. The disclosure for this sale can be found here. Insiders sold a total of 24,735 shares of company stock valued at $1,800,527 over the last ninety days. 1.14% of the stock is currently owned by corporate insiders.
Shares of Ashland Global Holdings Inc. (NYSE:ASH) opened at $71.17 on Thursday. Ashland Global Holdings Inc. has a 12-month low of $59.80 and a 12-month high of $77.16. The company has a market capitalization of $4,460.56, a PE ratio of -1,186.17, a P/E/G ratio of 2.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.29.
Ashland Global (NYSE:ASH) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Ashland Global had a negative net margin of 0.08% and a positive return on equity of 7.14%. The firm had revenue of $842.00 million during the quarter, compared to the consensus estimate of $842.05 million. During the same period in the previous year, the firm earned $1.16 earnings per share. equities analysts anticipate that Ashland Global Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 28th. Ashland Global’s payout ratio is -1,500.00%.
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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