HL Financial Services LLC reduced its position in Ashland Global Holdings Inc. (NYSE:ASH) by 8.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,218 shares of the basic materials company’s stock after selling 854 shares during the quarter. HL Financial Services LLC’s holdings in Ashland Global Holdings were worth $603,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. bought a new stake in Ashland Global Holdings during the third quarter valued at approximately $458,000. Principal Financial Group Inc. lifted its position in Ashland Global Holdings by 0.8% during the third quarter. Principal Financial Group Inc. now owns 265,427 shares of the basic materials company’s stock valued at $17,357,000 after purchasing an additional 2,235 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Ashland Global Holdings by 3.6% during the third quarter. Gamco Investors INC. ET AL now owns 238,629 shares of the basic materials company’s stock valued at $15,604,000 after purchasing an additional 8,290 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Ashland Global Holdings by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 95,751 shares of the basic materials company’s stock valued at $6,261,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Ashland Global Holdings by 11.8% during the third quarter. Wedge Capital Management L L P NC now owns 1,748,825 shares of the basic materials company’s stock valued at $114,356,000 after purchasing an additional 185,176 shares during the last quarter. Institutional investors own 94.23% of the company’s stock.

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Several equities research analysts have issued reports on ASH shares. Deutsche Bank AG lifted their target price on shares of Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. UBS AG lifted their target price on shares of Ashland Global Holdings from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, October 24th. Jefferies Group LLC reiterated a “buy” rating and set a $77.00 target price (up from $74.00) on shares of Ashland Global Holdings in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.29.

Shares of Ashland Global Holdings Inc. (ASH) opened at $67.10 on Tuesday. The firm has a market cap of $4,190.00, a P/E ratio of 14.73, a PEG ratio of 1.92 and a beta of 1.08. The company has a quick ratio of 1.31, a current ratio of 1.97 and a debt-to-equity ratio of 0.76. Ashland Global Holdings Inc. has a 1-year low of $59.80 and a 1-year high of $128.19.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.09. The business had revenue of $880.00 million during the quarter, compared to the consensus estimate of $869.62 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. research analysts predict that Ashland Global Holdings Inc. will post 3.43 earnings per share for the current year.

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.

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

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