Joel Isaacson & Co. LLC held its position in shares of Ashland Global Holdings Inc. (NYSE:ASH) during the second quarter, Holdings Channel reports. The fund owned 4,000 shares of the basic materials company’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Ashland Global Holdings were worth $264,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. HL Financial Services LLC raised its position in shares of Ashland Global Holdings by 4.4% in the second quarter. HL Financial Services LLC now owns 10,072 shares of the basic materials company’s stock valued at $664,000 after buying an additional 427 shares during the last quarter. Sei Investments Co. raised its position in shares of Ashland Global Holdings by 56.6% in the second quarter. Sei Investments Co. now owns 5,873 shares of the basic materials company’s stock valued at $387,000 after buying an additional 2,122 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Ashland Global Holdings by 0.9% in the second quarter. Texas Permanent School Fund now owns 45,434 shares of the basic materials company’s stock valued at $2,995,000 after buying an additional 389 shares during the last quarter. World Asset Management Inc raised its position in shares of Ashland Global Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock valued at $292,000 after buying an additional 104 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Ashland Global Holdings by 6.6% in the second quarter. CIBC Asset Management Inc now owns 8,972 shares of the basic materials company’s stock valued at $591,000 after buying an additional 553 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ashland Global Holdings Inc. (ASH) opened at 61.36 on Thursday. The firm’s market cap is $3.80 billion. The stock has a 50 day moving average of $65.58 and a 200 day moving average of $62.29. Ashland Global Holdings Inc. has a 52 week low of $51.61 and a 52 week high of $67.90.

Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $870 million for the quarter, compared to analysts’ expectations of $842.78 million. During the same quarter in the prior year, the business earned $1.95 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts forecast that Ashland Global Holdings Inc. will post $4.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, August 30th. Ashland Global Holdings’s dividend payout ratio (DPR) is presently -25.42%.

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Several brokerages recently weighed in on ASH. BidaskClub lowered shares of Ashland Global Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Deutsche Bank AG dropped their price target on shares of Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $74.00 price target on shares of Ashland Global Holdings in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.33.

Ashland Global Holdings Company 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.

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

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