Nisa Investment Advisors LLC Has $4.06 Million Stock Holdings in Ashland Global Holdings Inc. (NYSE:ASH)

Nisa Investment Advisors LLC lessened its holdings in Ashland Global Holdings Inc. (NYSE:ASH) by 6.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,710 shares of the basic materials company’s stock after selling 3,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ashland Global were worth $4,058,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Asset Dedication LLC boosted its position in shares of Ashland Global by 194.3% in the fourth quarter. Asset Dedication LLC now owns 674 shares of the basic materials company’s stock worth $53,000 after buying an additional 445 shares during the period. Arlington Partners LLC acquired a new stake in shares of Ashland Global in the first quarter worth $70,000. OLD National Bancorp IN acquired a new stake in shares of Ashland Global in the fourth quarter worth $217,000. HighTower Advisors LLC boosted its position in shares of Ashland Global by 10.6% in the fourth quarter. HighTower Advisors LLC now owns 3,182 shares of the basic materials company’s stock worth $252,000 after buying an additional 304 shares during the period. Finally, Brinker Capital Investments LLC acquired a new stake in shares of Ashland Global in the third quarter worth $253,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ASH opened at $86.82 on Tuesday. Ashland Global Holdings Inc. has a fifty-two week low of $55.40 and a fifty-two week high of $95.20. The business has a 50-day moving average of $89.71 and a two-hundred day moving average of $82.90. The stock has a market capitalization of $5.27 billion, a P/E ratio of -10.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.90 and a quick ratio of 1.25.

Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Tuesday, April 27th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.31). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $633.59 million. Ashland Global had a positive return on equity of 5.40% and a negative net margin of 21.84%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, research analysts expect that Ashland Global Holdings Inc. will post 3.69 EPS for the current fiscal year.

A number of analysts recently issued reports on ASH shares. Zacks Investment Research cut Ashland Global from a “strong-buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research report on Monday, April 12th. Monness Crespi & Hardt lifted their price objective on Ashland Global from $88.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ashland Global from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, February 8th. Credit Suisse Group reissued an “outperform” rating and set a $103.00 price objective on shares of Ashland Global in a research report on Monday, March 22nd. Finally, BMO Capital Markets reduced their price objective on Ashland Global from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ashland Global currently has an average rating of “Buy” and an average price target of $91.10.

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

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