TIAA CREF Investment Management LLC Grows Holdings in Ashland Global Holdings Inc. (ASH)

TIAA CREF Investment Management LLC grew its position in Ashland Global Holdings Inc. (NYSE:ASH) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,493,021 shares of the basic materials company’s stock after acquiring an additional 32,649 shares during the quarter. TIAA CREF Investment Management LLC owned 2.41% of Ashland Global Holdings worth $98,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Ashland Global Holdings by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 198,005 shares of the basic materials company’s stock worth $24,516,000 after acquiring an additional 6,986 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Ashland Global Holdings by 12.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,336,608 shares of the basic materials company’s stock worth $88,096,000 after acquiring an additional 148,879 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Ashland Global Holdings in the 2nd quarter worth approximately $54,562,000. Condor Capital Management increased its stake in Ashland Global Holdings by 92.7% in the 2nd quarter. Condor Capital Management now owns 26,801 shares of the basic materials company’s stock worth $1,766,000 after acquiring an additional 12,895 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Ashland Global Holdings by 5.8% in the 1st quarter. Legal & General Group Plc now owns 300,755 shares of the basic materials company’s stock worth $37,236,000 after acquiring an additional 16,582 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on ASH. ValuEngine downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet raised Ashland Global Holdings from a “c” rating to a “b+” rating in a research report on Friday, June 16th. Jefferies Group LLC reissued a “buy” rating on shares of Ashland Global Holdings in a research report on Friday, June 23rd. J P Morgan Chase & Co boosted their target price on Ashland Global Holdings from $61.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research downgraded Ashland Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Ashland Global Holdings currently has an average rating of “Hold” and a consensus target price of $88.33.

TRADEMARK VIOLATION WARNING: “TIAA CREF Investment Management LLC Grows Holdings in Ashland Global Holdings Inc. (ASH)” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/09/16/tiaa-cref-investment-management-llc-grows-holdings-in-ashland-global-holdings-inc-ash.html.

Ashland Global Holdings Inc. (ASH) opened at 64.02 on Friday. Ashland Global Holdings Inc. has a 52-week low of $51.61 and a 52-week high of $67.90. The stock’s 50 day moving average price is $62.22 and its 200 day moving average price is $62.92. The company’s market cap is $3.99 billion.

Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $842.78 million. During the same quarter last year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Ashland Global Holdings Inc. will post $4.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.225 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.41%. Ashland Global Holdings’s dividend payout ratio is presently -25.42%.

Ashland Global Holdings 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.

Want to see what other hedge funds are holding ASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashland Global Holdings Inc. (NYSE:ASH).

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