Stillwater Capital Advisors LLC Sells 6,921 Shares of Ashland Global Holdings Inc. (ASH)
Stillwater Capital Advisors LLC decreased its stake in Ashland Global Holdings Inc. (NYSE:ASH) by 45.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,297 shares of the basic materials company’s stock after selling 6,921 shares during the period. Stillwater Capital Advisors LLC’s holdings in Ashland Global were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ASH. Chicago Partners Investment Group LLC lifted its holdings in shares of Ashland Global by 600.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 1,999 shares during the last quarter. Sawyer & Company Inc acquired a new stake in Ashland Global in the 4th quarter valued at approximately $157,000. Commonwealth Equity Services Inc acquired a new stake in Ashland Global in the 3rd quarter valued at approximately $234,000. Sciencast Management LP acquired a new stake in Ashland Global in the 2nd quarter valued at approximately $271,000. Finally, Leavell Investment Management Inc. acquired a new stake in Ashland Global in the 3rd quarter valued at approximately $294,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Peter Ganz sold 3,379 shares of Ashland Global stock in a transaction on Monday, November 20th. The stock was sold at an average price of $70.63, for a total transaction of $238,658.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO J Kevin Willis sold 1,352 shares of Ashland Global stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $66.23, for a total value of $89,542.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,342 shares of company stock worth $1,148,839. 1.14% of the stock is owned by insiders.
Several analysts recently commented on the company. Jefferies Group restated a “buy” rating and issued a $77.00 target price (up from $74.00) on shares of Ashland Global in a research report on Tuesday, September 26th. SunTrust Banks restated a “buy” rating and issued a $74.00 target price on shares of Ashland Global in a research report on Friday, November 10th. UBS Group raised their target price on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Credit Suisse Group raised their target price on Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut Ashland Global from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.57.
Ashland Global Holdings Inc. (ASH) traded up $1.44 on Friday, reaching $73.74. The company had a trading volume of 482,300 shares, compared to its average volume of 517,875. Ashland Global Holdings Inc. has a 12-month low of $54.52 and a 12-month high of $74.81. The company has a current ratio of 1.97, a quick ratio of 1.31 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4,590.00, a PE ratio of -43.63, a P/E/G ratio of 2.17 and a beta of 1.11.
Ashland Global (NYSE:ASH) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $880.00 million during the quarter, compared to analyst estimates of $869.62 million. During the same quarter in the prior year, the business earned $1.52 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. equities analysts predict that Ashland Global Holdings Inc. will post 3.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, November 30th. Ashland Global’s dividend payout ratio (DPR) is presently -53.25%.
Ashland Global 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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