Ffcm LLC Takes Position in Ashland Global Holdings Inc (ASH)

Ffcm LLC bought a new position in Ashland Global Holdings Inc (NYSE:ASH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 396 shares of the basic materials company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boys Arnold & Co. Inc. boosted its position in shares of Ashland Global by 1.3% in the fourth quarter. Boys Arnold & Co. Inc. now owns 14,425 shares of the basic materials company’s stock valued at $1,013,000 after acquiring an additional 180 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Ashland Global by 36.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 682 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 182 shares during the period. Bank of Montreal Can boosted its position in shares of Ashland Global by 2.2% in the fourth quarter. Bank of Montreal Can now owns 9,336 shares of the basic materials company’s stock valued at $662,000 after acquiring an additional 202 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Ashland Global by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 83,593 shares of the basic materials company’s stock valued at $5,932,000 after acquiring an additional 252 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in shares of Ashland Global by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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ASH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Ashland Global from a “neutral” rating to an “overweight” rating and set a $68.23 price objective for the company in a research report on Thursday, December 27th. Deutsche Bank cut their price objective on shares of Ashland Global from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Ashland Global from a “sell” rating to a “hold” rating and set a $91.00 price objective for the company in a research report on Monday, November 12th. Credit Suisse Group restated a “buy” rating and issued a $90.00 price objective on shares of Ashland Global in a research report on Monday, February 4th. Finally, TheStreet lowered shares of Ashland Global from a “b” rating to a “c+” rating in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.80.

Shares of Ashland Global stock opened at $78.57 on Monday. Ashland Global Holdings Inc has a 1 year low of $64.81 and a 1 year high of $86.63. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.46 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.20 and a quick ratio of 1.51.

Ashland Global (NYSE:ASH) last announced its earnings results on Tuesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Ashland Global had a net margin of 2.01% and a return on equity of 6.17%. The business had revenue of $576.00 million during the quarter, compared to analyst estimates of $585.78 million. During the same period in the previous year, the business posted $0.03 earnings per share. Ashland Global’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts predict that Ashland Global Holdings Inc will post 3.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.00 annualized dividend and a yield of 1.27%. Ashland Global’s payout ratio is presently 27.93%.

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Ashland Global Profile

Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.

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