Ashland Global Holdings Inc. (NYSE:ASH) insider Peter Ganz sold 3,379 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

Ashland Global Holdings Inc. (ASH) traded down $0.11 during midday trading on Thursday, reaching $70.16. 517,900 shares of the company were exchanged, compared to its average volume of 902,916. Ashland Global Holdings Inc. has a 1-year low of $53.79 and a 1-year high of $71.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. The stock has a market capitalization of $4,366.76, a P/E ratio of 15.69, a PEG ratio of 2.06 and a beta of 1.07.

Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $869.62 million. During the same quarter last year, the business posted $1.52 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. research analysts predict that Ashland Global Holdings Inc. will post 3.42 earnings per share for the current fiscal year.

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

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Several hedge funds have recently bought and sold shares of ASH. Wellington Management Group LLP raised its stake in shares of Ashland Global Holdings by 197.1% during the first quarter. Wellington Management Group LLP now owns 5,467 shares of the basic materials company’s stock worth $677,000 after acquiring an additional 3,627 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Ashland Global Holdings by 3.4% during the second quarter. Capstone Asset Management Co. now owns 6,379 shares of the basic materials company’s stock worth $420,000 after acquiring an additional 208 shares in the last quarter. Creative Planning raised its stake in shares of Ashland Global Holdings by 7.1% during 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 in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Ashland Global Holdings by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,852 shares of the basic materials company’s stock worth $1,506,000 after buying an additional 992 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Ashland Global Holdings by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the basic materials company’s stock worth $1,068,000 after buying an additional 500 shares during the period. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on ASH shares. Jefferies Group LLC reissued a “buy” rating and set a $74.00 target price on shares of Ashland Global Holdings in a research note on Sunday, July 30th. BidaskClub lowered shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Deutsche Bank AG cut their target price on shares of Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $81.29.

About Ashland Global Holdings

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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