Exane Asset Management Buys 115,840 Shares of Ashland Global Holdings Inc. (NYSE:ASH)

Exane Asset Management increased its stake in Ashland Global Holdings Inc. (NYSE:ASH) by 72.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,715 shares of the basic materials company’s stock after buying an additional 115,840 shares during the period. Ashland Global Holdings makes up about 5.7% of Exane Asset Management’s investment portfolio, making the stock its 8th largest position. Exane Asset Management owned approximately 0.44% of Ashland Global Holdings worth $18,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ASH. Ameriprise Financial Inc. raised its position in shares of Ashland Global Holdings by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 198,005 shares of the basic materials company’s stock valued at $24,516,000 after buying an additional 6,986 shares during the last quarter. Advisor Partners LLC increased its stake in shares of Ashland Global Holdings by 1.1% in the first quarter. Advisor Partners LLC now owns 1,969 shares of the basic materials company’s stock valued at $244,000 after buying an additional 22 shares during the period. Northstar Group Inc. acquired a new stake in shares of Ashland Global Holdings during the first quarter valued at about $218,000. Creative Planning increased its stake in shares of Ashland Global Holdings by 0.3% in the first quarter. Creative Planning now owns 1,426 shares of the basic materials company’s stock valued at $177,000 after buying an additional 4 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Ashland Global Holdings by 5.8% in the first quarter. Legal & General Group Plc now owns 300,755 shares of the basic materials company’s stock valued at $37,236,000 after buying an additional 16,582 shares during the period. Institutional investors own 90.05% of the company’s stock.

Shares of Ashland Global Holdings Inc. (ASH) traded down 0.41% during trading on Friday, hitting $60.82. 1,331,040 shares of the company traded hands. The firm has a 50 day moving average price of $65.25 and a 200-day moving average price of $62.33. The stock’s market cap is $3.80 billion. Ashland Global Holdings Inc. has a one year low of $59.80 and a one year high of $128.19.

Ashland Global Holdings (NYSE:ASH) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.13. The business had revenue of $870 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. Analysts predict that Ashland Global Holdings Inc. will post $4.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, August 30th. Ashland Global Holdings’s dividend payout ratio (DPR) is currently -25.42%.

TRADEMARK VIOLATION WARNING: “Exane Asset Management Buys 115,840 Shares of Ashland Global Holdings Inc. (NYSE:ASH)” was originally posted by BNB Daily and is owned by of BNB Daily. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/14/ashland-global-holdings-inc-nyseash-is-exane-asset-managements-8th-largest-position-updated-updated-updated.html.

ASH has been the topic of several recent research reports. TheStreet raised shares of Ashland Global Holdings from a “c+” rating to a “b” rating in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Ashland Global Holdings in a report on Friday, June 23rd. ValuEngine raised shares of Ashland Global Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Finally, BidaskClub downgraded shares of Ashland Global Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Ashland Global Holdings presently has a consensus rating of “Hold” and a consensus price target of $88.33.

Ashland Global Holdings 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.

Institutional Ownership by Quarter for Ashland Global Holdings (NYSE:ASH)

Receive News & Ratings for Ashland Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply