Janus Henderson Group PLC lowered its stake in shares of Ashland Global Holdings Inc (NYSE:ASH) by 9.8% during the 1st quarter, HoldingsChannel reports. The fund owned 9,089 shares of the basic materials company’s stock after selling 985 shares during the period. Janus Henderson Group PLC’s holdings in Ashland Global were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Ffcm LLC purchased a new stake in shares of Ashland Global in the fourth quarter worth $28,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Ashland Global in the fourth quarter worth $28,000. Doyle Wealth Management purchased a new stake in shares of Ashland Global in the fourth quarter worth $45,000. Robeco Institutional Asset Management B.V. raised its position in shares of Ashland Global by 36.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock worth $48,000 after buying an additional 182 shares in the last quarter. Finally, Claybrook Capital LLC purchased a new stake in shares of Ashland Global in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 92.52% of the company’s stock.

In other news, insider William J. Heitman sold 7,203 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $79.49, for a total transaction of $572,566.47. Following the transaction, the insider now directly owns 6,303 shares of the company’s stock, valued at $501,025.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Heitman sold 6,300 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $79.46, for a total value of $500,598.00. Following the transaction, the insider now directly owns 6,303 shares in the company, valued at $500,836.38. The disclosure for this sale can be found here. Insiders have sold 17,221 shares of company stock worth $1,359,296 in the last 90 days. Company insiders own 1.14% of the company’s stock.

A number of equities research analysts recently issued reports on ASH shares. TheStreet upgraded Ashland Global from a “c+” rating to a “b” rating in a research report on Wednesday, May 1st. ValuEngine downgraded Ashland Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Credit Suisse Group restated a “buy” rating and set a $90.00 price target on shares of Ashland Global in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded Ashland Global from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $89.80.

NYSE ASH opened at $72.63 on Thursday. Ashland Global Holdings Inc has a twelve month low of $64.93 and a twelve month high of $86.63. The company has a current ratio of 2.27, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.41 and a beta of 1.30.

Ashland Global (NYSE:ASH) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Ashland Global had a return on equity of 5.79% and a net margin of 2.30%. The business had revenue of $667.00 million for the quarter, compared to the consensus estimate of $680.96 million. During the same quarter last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 31.5% on a year-over-year basis. On average, analysts predict that Ashland Global Holdings Inc will post 2.99 EPS for the current fiscal year.

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About Ashland Global

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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