Ashland Global Holdings Inc (NYSE:ASH) Insider Sells $116,087.84 in Stock

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.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.45%. This is a positive change from Ashland Global’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 31st. Ashland Global’s payout ratio is currently 27.93%.

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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Insider Buying and Selling by Quarter for Ashland Global (NYSE:ASH)

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