Dupont Capital Management Corp Decreases Position in Ashland Global Holdings Inc (NYSE:ASH)

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Dupont Capital Management Corp lowered its holdings in Ashland Global Holdings Inc (NYSE:ASH) by 81.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,100 shares of the basic materials company’s stock after selling 4,712 shares during the period. Dupont Capital Management Corp’s holdings in Ashland Global were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ASH. First Financial Bank Trust Division boosted its holdings in Ashland Global by 2.4% in the second quarter. First Financial Bank Trust Division now owns 57,246 shares of the basic materials company’s stock valued at $4,578,000 after purchasing an additional 1,352 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Ashland Global by 25.4% in the second quarter. WINTON GROUP Ltd now owns 465,396 shares of the basic materials company’s stock valued at $37,218,000 after purchasing an additional 94,373 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Ashland Global by 70.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 20,455 shares of the basic materials company’s stock valued at $1,636,000 after purchasing an additional 8,455 shares during the last quarter. Wiley BROS. Aintree Capital LLC boosted its holdings in Ashland Global by 18.5% in the second quarter. Wiley BROS. Aintree Capital LLC now owns 3,525 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 550 shares during the last quarter. Finally, Leisure Capital Management boosted its holdings in Ashland Global by 6.3% in the second quarter. Leisure Capital Management now owns 10,046 shares of the basic materials company’s stock valued at $803,000 after purchasing an additional 599 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on ASH. Monness Crespi & Hardt raised Ashland Global from a “neutral” rating to a “buy” rating and set a $88.00 price target for the company in a report on Monday, October 14th. Wells Fargo & Co began coverage on Ashland Global in a report on Tuesday, October 15th. They issued an “outperform” rating and a $90.00 price target for the company. Buckingham Research increased their price target on Ashland Global from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. ValuEngine raised Ashland Global from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Zacks Investment Research downgraded Ashland Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ashland Global currently has an average rating of “Buy” and an average target price of $87.38.

Shares of NYSE ASH opened at $78.47 on Friday. The stock’s 50 day moving average price is $76.85 and its two-hundred day moving average price is $76.36. Ashland Global Holdings Inc has a 52-week low of $64.93 and a 52-week high of $84.11. The stock has a market capitalization of $4.73 billion, a P/E ratio of 21.92, a PEG ratio of 2.15 and a beta of 1.27. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

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

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