Ashland Global Holdings Inc. (NYSE:ASH) CFO J Kevin Willis sold 916 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $70.61, for a total value of $64,678.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
J Kevin Willis also recently made the following trade(s):
- On Monday, November 27th, J Kevin Willis sold 8,152 shares of Ashland Global stock. The shares were sold at an average price of $70.70, for a total value of $576,346.40.
- On Monday, November 20th, J Kevin Willis sold 2,543 shares of Ashland Global stock. The shares were sold at an average price of $70.63, for a total value of $179,612.09.
- On Wednesday, November 15th, J Kevin Willis sold 1,352 shares of Ashland Global stock. The shares were sold at an average price of $66.23, for a total value of $89,542.96.
Shares of Ashland Global Holdings Inc. (NYSE:ASH) traded up $0.16 during trading hours on Thursday, reaching $70.56. The company had a trading volume of 661,357 shares, compared to its average volume of 903,126. Ashland Global Holdings Inc. has a 52 week low of $53.79 and a 52 week high of $74.75. The stock has a market cap of $4,370.00, a P/E ratio of 15.98, a PEG ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.31 and a current ratio of 1.97.
Ashland Global (NYSE:ASH) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $869.62 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. equities research analysts anticipate that Ashland Global Holdings Inc. will post 3.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.28%. Ashland Global’s dividend payout ratio is presently -53.25%.
Hedge funds have recently bought and sold shares of the business. Creative Planning grew its holdings in shares of Ashland Global by 7.1% during the 2nd quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 101 shares during the period. 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 acquiring an additional 1,999 shares during the period. Commonwealth Equity Services Inc bought a new stake in shares of Ashland Global in the 3rd quarter worth approximately $234,000. Sciencast Management LP bought a new stake in shares of Ashland Global in the 2nd quarter worth approximately $271,000. Finally, Trexquant Investment LP bought a new stake in shares of Ashland Global in the 2nd quarter worth approximately $290,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.
A number of research firms have recently weighed in on ASH. SunTrust Banks boosted their target price on Ashland Global to $83.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Credit Suisse Group boosted their target price on Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Deutsche Bank boosted their target price on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, UBS boosted their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $82.57.
Ashland Global Company Profile
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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