Ashland Global Sees Unusually High Options Volume (ASH)

Ashland Global Holdings Inc (NYSE:ASH) saw unusually large options trading on Thursday. Stock investors bought 1,424 put options on the company. This represents an increase of approximately 1,465% compared to the typical daily volume of 91 put options.

In related news, CFO J Kevin Willis sold 1,227 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $81.57, for a total value of $100,086.39. Following the transaction, the chief financial officer now owns 17,114 shares in the company, valued at $1,395,988.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Keith C. Silverman sold 322 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $81.57, for a total value of $26,265.54. Following the completion of the transaction, the vice president now owns 3,380 shares in the company, valued at approximately $275,706.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,067 shares of company stock worth $1,224,405. 1.14% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Ashland Global by 2.7% during the third quarter. Vanguard Group Inc. now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after purchasing an additional 152,555 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Ashland Global by 2.7% during the third quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after purchasing an additional 152,555 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Ashland Global by 0.5% during the third quarter. BlackRock Inc. now owns 5,452,799 shares of the basic materials company’s stock valued at $457,271,000 after purchasing an additional 26,295 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Ashland Global by 0.3% during the second quarter. Schroder Investment Management Group now owns 1,454,873 shares of the basic materials company’s stock valued at $113,596,000 after purchasing an additional 4,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Ashland Global by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,305,798 shares of the basic materials company’s stock valued at $109,505,000 after purchasing an additional 17,170 shares during the last quarter. 92.96% of the stock is owned by institutional investors.



Several research analysts recently commented on ASH shares. Credit Suisse Group set a $95.00 price target on Ashland Global and gave the stock a “buy” rating in a research note on Friday, September 21st. UBS Group boosted their price target on Ashland Global from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered Ashland Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 9th. TheStreet lowered Ashland Global from a “b” rating to a “c+” rating in a report on Wednesday, November 7th. Finally, Deutsche Bank boosted their price objective on Ashland Global from $96.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Ashland Global presently has a consensus rating of “Buy” and a consensus price target of $89.62.

Shares of Ashland Global stock opened at $73.89 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.59 and a quick ratio of 0.98. The stock has a market capitalization of $4.60 billion, a P/E ratio of 20.64, a PEG ratio of 2.29 and a beta of 1.34. Ashland Global has a fifty-two week low of $64.81 and a fifty-two week high of $86.63.

Ashland Global (NYSE:ASH) last posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.97 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. The company had revenue of $956.00 million during the quarter, compared to analyst estimates of $926.50 million. Ashland Global had a return on equity of 6.71% and a net margin of 3.05%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Equities research analysts anticipate that Ashland Global will post 3.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, November 30th. Ashland Global’s dividend payout ratio (DPR) is presently 27.93%.

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About Ashland Global

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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