Suntrust Banks Inc. boosted its holdings in Ashland Global Holdings Inc. (NYSE:ASH) by 39.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,588 shares of the basic materials company’s stock after buying an additional 4,965 shares during the period. Suntrust Banks Inc.’s holdings in Ashland Global were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ASH. Schroder Investment Management Group increased its stake in Ashland Global by 30.7% in the 3rd quarter. Schroder Investment Management Group now owns 1,463,395 shares of the basic materials company’s stock worth $95,999,000 after buying an additional 344,160 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Ashland Global by 32.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,117,605 shares of the basic materials company’s stock worth $73,078,000 after buying an additional 274,617 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Ashland Global by 90.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 361,510 shares of the basic materials company’s stock worth $23,639,000 after buying an additional 171,881 shares in the last quarter. BlackRock Inc. increased its stake in Ashland Global by 3.0% in the 4th quarter. BlackRock Inc. now owns 5,268,006 shares of the basic materials company’s stock worth $375,081,000 after buying an additional 151,606 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Ashland Global by 84.5% in the 3rd quarter. Retirement Systems of Alabama now owns 222,417 shares of the basic materials company’s stock worth $14,544,000 after buying an additional 101,892 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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Ashland Global Holdings Inc. (NYSE ASH) opened at $69.85 on Monday. The firm has a market capitalization of $4,350.00, a PE ratio of -91.91, a PEG ratio of 2.18 and a beta of 1.12. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.76. Ashland Global Holdings Inc. has a 12-month low of $59.42 and a 12-month high of $77.16.

Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $842.05 million. Ashland Global had a negative net margin of 0.08% and a positive return on equity of 7.14%. During the same quarter in the previous year, the business earned $1.16 EPS. sell-side analysts forecast that Ashland Global Holdings Inc. will post 3.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.29%. Ashland Global’s payout ratio is -118.42%.

In related news, insider Anne T. Schumann sold 11,733 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $73.26, for a total value of $859,559.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Heitman sold 4,495 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $70.31, for a total transaction of $316,043.45. Following the completion of the transaction, the insider now directly owns 15,152 shares of the company’s stock, valued at approximately $1,065,337.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,735 shares of company stock valued at $1,800,527. Company insiders own 1.14% of the company’s stock.

A number of equities research analysts have issued reports on the company. Seaport Global Securities reiterated a “buy” rating and issued a $81.00 price target on shares of Ashland Global in a research note on Wednesday, January 31st. Credit Suisse Group increased their price target on Ashland Global from $69.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Monness Crespi & Hardt lowered Ashland Global from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Jefferies Group reiterated a “buy” rating on shares of Ashland Global in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Ashland Global from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Ashland Global currently has an average rating of “Hold” and an average target price of $83.00.

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About Ashland Global

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 (NYSE:ASH)

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