Ashland Global Holdings Inc (NYSE:ASH) insider Peter Ganz sold 1,562 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $74.32, for a total transaction of $116,087.84. Following the sale, the insider now directly owns 40,150 shares of the company’s stock, valued at approximately $2,983,948. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE ASH traded up $0.84 during trading on Thursday, reaching $75.92. 1,217,700 shares of the company’s stock were exchanged, compared to its average volume of 755,929. Ashland Global Holdings Inc has a fifty-two week low of $64.93 and a fifty-two week high of $86.63. The firm has a market capitalization of $4.76 billion, a PE ratio of 21.21, a PEG ratio of 2.54 and a beta of 1.30. The company has a current ratio of 2.27, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68.
Ashland Global (NYSE:ASH) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $667.00 million during the quarter, compared to analyst estimates of $680.96 million. Ashland Global had a return on equity of 5.79% and a net margin of 2.30%. The business’s quarterly revenue was down 31.5% compared to the same quarter last year. During the same period last year, the company posted $1.06 EPS. Research analysts anticipate that Ashland Global Holdings Inc will post 2.99 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its holdings in Ashland Global by 5.1% in the 4th quarter. Suntrust Banks Inc. now owns 15,448 shares of the basic materials company’s stock worth $1,096,000 after purchasing an additional 750 shares during the last quarter. Vanguard Group Inc lifted its holdings in Ashland Global by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock worth $480,582,000 after purchasing an additional 152,555 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Ashland Global by 39.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 5,028 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 1,411 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in Ashland Global by 14.0% in the 4th quarter. Joel Isaacson & Co. LLC now owns 4,558 shares of the basic materials company’s stock worth $338,000 after purchasing an additional 558 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in Ashland Global by 173,906.5% in the 4th quarter. Financial Advocates Investment Management now owns 133,985 shares of the basic materials company’s stock worth $4,972,000 after purchasing an additional 133,908 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.
A number of equities research analysts have issued reports on ASH shares. Credit Suisse Group reiterated a “buy” rating and issued a $90.00 target price on shares of Ashland Global in a research note on Monday, February 4th. Zacks Investment Research lowered Ashland Global from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. TheStreet raised Ashland Global from a “c+” rating to a “b” rating in a report on Wednesday, May 1st. Finally, ValuEngine lowered Ashland Global from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $89.80.
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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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