Legal & General Group Plc raised its stake in Ashland Global Holdings Inc. (NYSE:ASH) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,270 shares of the basic materials company’s stock after acquiring an additional 1,844 shares during the quarter. Legal & General Group Plc owned approximately 0.46% of Ashland Global worth $18,851,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ASH. Creative Planning lifted its holdings in shares of Ashland Global by 7.1% in the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 101 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Ashland Global by 3.0% in the second quarter. Aperio Group LLC now owns 21,152 shares of the basic materials company’s stock worth $1,394,000 after acquiring an additional 608 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Ashland Global by 28.8% in the second quarter. US Bancorp DE now owns 10,717 shares of the basic materials company’s stock worth $707,000 after acquiring an additional 2,395 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ashland Global by 105.1% in the second quarter. Russell Investments Group Ltd. now owns 170,358 shares of the basic materials company’s stock worth $11,227,000 after acquiring an additional 87,307 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Ashland Global by 6.6% in the second quarter. CIBC Asset Management Inc now owns 8,972 shares of the basic materials company’s stock worth $591,000 after acquiring an additional 553 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on ASH. SunTrust Banks increased their target price on shares of Ashland Global to $83.00 and gave the stock a “buy” rating in a report on Friday, December 1st. UBS raised their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, October 24th. Credit Suisse Group raised their price objective on shares of Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Finally, Deutsche Bank raised their price objective on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Ashland Global has a consensus rating of “Hold” and an average price target of $82.57.

In other Ashland Global news, insider Peter Ganz sold 3,379 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $70.63, for a total transaction of $238,658.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J Kevin Willis sold 8,152 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $70.70, for a total transaction of $576,346.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,342 shares of company stock valued at $1,148,839. Company insiders own 1.14% of the company’s stock.

Ashland Global Holdings Inc. (ASH) opened at $70.14 on Monday. The stock has a market cap of $4,364.45, a P/E ratio of 15.66, a P/E/G ratio of 2.05 and a beta of 1.10. Ashland Global Holdings Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $74.75. 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 (NYSE:ASH) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 EPS. equities analysts expect that Ashland Global Holdings Inc. will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.28%. Ashland Global’s payout ratio is -9,000,000.00%.

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Ashland Global 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.

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

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