Fort L.P. bought a new position in shares of Ashland Global Holdings Inc (NYSE:ASH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,175 shares of the basic materials company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASH. Boys Arnold & Co. Inc. increased its position in Ashland Global by 1.3% in the 4th quarter. Boys Arnold & Co. Inc. now owns 14,425 shares of the basic materials company’s stock valued at $1,013,000 after acquiring an additional 180 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Ashland Global by 36.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 182 shares during the period. Bank of Montreal Can increased its position in Ashland Global by 2.2% in the 4th quarter. Bank of Montreal Can now owns 9,336 shares of the basic materials company’s stock valued at $662,000 after acquiring an additional 202 shares during the period. Brown Advisory Inc. increased its position in Ashland Global by 7.1% in the 4th quarter. Brown Advisory Inc. now owns 3,626 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 240 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Ashland Global by 0.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 83,593 shares of the basic materials company’s stock valued at $5,932,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

NYSE ASH opened at $78.30 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.51 and a current ratio of 2.20. Ashland Global Holdings Inc has a 12-month low of $64.81 and a 12-month high of $86.63. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31.

Ashland Global (NYSE:ASH) last released its earnings results on Tuesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Ashland Global had a return on equity of 6.17% and a net margin of 2.01%. The company had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $585.78 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts forecast that Ashland Global Holdings Inc will post 3.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 28th. Ashland Global’s payout ratio is 27.93%.

In other Ashland Global news, insider Osama M. Musa sold 2,156 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.87, for a total transaction of $170,043.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.14% of the company’s stock.

Several brokerages recently issued reports on ASH. Zacks Investment Research cut Ashland Global from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Credit Suisse Group set a $97.00 price target on Ashland Global and gave the company a “buy” rating in a research report on Friday, December 14th. Buckingham Research began coverage on Ashland Global in a research report on Monday, December 17th. They issued a “neutral” rating on the stock. Deutsche Bank dropped their price target on Ashland Global from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. upgraded Ashland Global from a “neutral” rating to an “overweight” rating and set a $68.23 price target on the stock in a research report on Thursday, December 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Ashland Global currently has an average rating of “Buy” and a consensus price target of $89.80.

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

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