Xact Kapitalforvaltning AB Boosts Stake in Ashland Global Holdings Inc. (ASH)

Xact Kapitalforvaltning AB raised its position in Ashland Global Holdings Inc. (NYSE:ASH) by 14.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,302 shares of the basic materials company’s stock after buying an additional 681 shares during the period. Xact Kapitalforvaltning AB’s holdings in Ashland Global Holdings were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Bollard Group LLC boosted its position in shares of Ashland Global Holdings by 0.3% in the first quarter. Bollard Group LLC now owns 930 shares of the basic materials company’s stock worth $115,000 after buying an additional 3 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Ashland Global Holdings during the fourth quarter worth about $113,000. Advisor Group Inc. boosted its position in shares of Ashland Global Holdings by 6.4% in the third quarter. Advisor Group Inc. now owns 1,267 shares of the basic materials company’s stock worth $122,000 after buying an additional 76 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Ashland Global Holdings by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,273 shares of the basic materials company’s stock worth $143,000 after buying an additional 99 shares during the last quarter. Finally, Creative Planning boosted its position 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 worth $177,000 after buying an additional 4 shares during the last quarter. Institutional investors own 86.96% of the company’s stock.

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

Ashland Global Holdings Inc. (NYSE:ASH) traded up 1.36% during trading on Friday, hitting $64.99. 851,921 shares of the stock were exchanged. Ashland Global Holdings Inc. has a 12-month low of $60.27 and a 12-month high of $128.19. The stock’s 50-day moving average price is $117.08 and its 200-day moving average price is $115.89. The firm’s market cap is $4.04 billion.

Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. Ashland Global Holdings had a negative net margin of 2.39% and a positive return on equity of 14.29%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. On average, equities analysts expect that Ashland Global Holdings Inc. will post $4.30 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, May 30th. Ashland Global Holdings’s dividend payout ratio (DPR) is -79.59%.

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A number of equities analysts have recently weighed in on the stock. Credit Suisse Group AG reissued a “neutral” rating and issued a $65.00 price objective (up previously from $59.69) on shares of Ashland Global Holdings in a research report on Wednesday. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c” rating in a research report on Monday. ValuEngine raised shares of Ashland Global Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Finally, Jefferies Group LLC boosted their price objective on shares of Ashland Global Holdings from $127.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $117.00.

In related news, insider Luis M. Fernandez-Moreno sold 2,609 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $123.85, for a total transaction of $323,124.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anne T. Schumann sold 4,003 shares of the firm’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $125.64, for a total transaction of $502,936.92. The disclosure for this sale can be found here. 1.27% of the stock is owned by corporate insiders.

About Ashland Global Holdings

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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