Ashland Global Holdings Inc (ASH) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in shares of Ashland Global Holdings Inc (NYSE:ASH) by 1,176.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,887 shares of the basic materials company’s stock after purchasing an additional 8,191 shares during the period. Tower Research Capital LLC TRC’s holdings in Ashland Global were worth $745,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ASH. Royal Bank of Canada raised its holdings in Ashland Global by 33.8% in the first quarter. Royal Bank of Canada now owns 6,078 shares of the basic materials company’s stock worth $424,000 after purchasing an additional 1,536 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ashland Global by 11.5% in the second quarter. Wells Fargo & Company MN now owns 112,652 shares of the basic materials company’s stock worth $8,807,000 after purchasing an additional 11,601 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Ashland Global by 3.2% in the second quarter. Victory Capital Management Inc. now owns 927,295 shares of the basic materials company’s stock worth $72,496,000 after purchasing an additional 28,385 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Ashland Global by 87.1% in the second quarter. CIBC Private Wealth Group LLC now owns 125,961 shares of the basic materials company’s stock worth $9,848,000 after purchasing an additional 58,651 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in Ashland Global in the second quarter worth $223,000. 93.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ASH opened at $81.07 on Thursday. Ashland Global Holdings Inc has a 1-year low of $64.81 and a 1-year high of $86.63. The company has a quick ratio of 0.98, a current ratio of 1.59 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.07 billion, a PE ratio of 22.65, a P/E/G ratio of 2.56 and a beta of 1.33.



Ashland Global (NYSE:ASH) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. Ashland Global had a return on equity of 6.71% and a net margin of 3.05%. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $926.50 million. During the same period last year, the company earned $0.78 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Ashland Global Holdings Inc will post 3.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Ashland Global’s payout ratio is presently 27.93%.

In other news, VP Keith C. Silverman sold 2,286 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $84.71, for a total transaction of $193,647.06. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at $354,341.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Keith C. Silverman sold 322 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $81.57, for a total value of $26,265.54. Following the transaction, the vice president now owns 3,380 shares of the company’s stock, valued at $275,706.60. The disclosure for this sale can be found here. Insiders have sold 17,353 shares of company stock valued at $1,418,052 over the last 90 days. Corporate insiders own 1.14% of the company’s stock.

A number of equities analysts have issued reports on ASH shares. UBS Group increased their price objective on Ashland Global from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Credit Suisse Group set a $95.00 price objective on Ashland Global and gave the stock a “buy” rating in a report on Friday, September 21st. Deutsche Bank increased their price objective on Ashland Global from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 16th. TheStreet downgraded Ashland Global from a “b” rating to a “c+” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research downgraded Ashland Global from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.50.

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Ashland Global Profile

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

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

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