Ashland Global Sees Unusually High Options Volume (ASH)
Ashland Global Holdings Inc (NYSE:ASH) saw unusually large options trading on Monday. Traders bought 6,005 call options on the company. This is an increase of 6,724% compared to the average volume of 88 call options.
In related news, insider Osama M. Musa sold 2,156 shares of Ashland Global stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.87, for a total value of $170,043.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.14% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in Ashland Global by 2.7% in the third quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after buying an additional 152,555 shares during the period. Joel Isaacson & Co. LLC increased its holdings in shares of Ashland Global by 14.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 4,558 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 558 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Ashland Global by 137.0% during the third quarter. Virtu Financial LLC now owns 6,975 shares of the basic materials company’s stock valued at $585,000 after acquiring an additional 4,032 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ashland Global by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,305,798 shares of the basic materials company’s stock valued at $109,505,000 after acquiring an additional 17,170 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Ashland Global by 2.7% during the third quarter. Vanguard Group Inc. now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after acquiring an additional 152,555 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ASH opened at $78.05 on Wednesday. Ashland Global has a 52-week low of $64.81 and a 52-week high of $86.63. The company has a current ratio of 2.20, a quick ratio of 1.51 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31.
Ashland Global (NYSE:ASH) last issued its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $585.78 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. Equities analysts predict that Ashland Global will post 3.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, February 28th. Ashland Global’s dividend payout ratio (DPR) is presently 27.93%.
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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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