J Kevin Willis Sells 4,074 Shares of Ashland Global Holdings Inc. (NYSE:ASH) Stock


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Ashland Global Holdings Inc. (NYSE:ASH) CFO J Kevin Willis sold 4,074 shares of the business’s stock in a transaction dated Monday, December 28th. The shares were sold at an average price of $80.00, for a total value of $325,920.00. Following the completion of the sale, the chief financial officer now directly owns 938 shares of the company’s stock, valued at $75,040. The sale was disclosed in a legal filing with the SEC, which is available through this link.

J Kevin Willis also recently made the following trade(s):

  • On Wednesday, November 18th, J Kevin Willis sold 2,202 shares of Ashland Global stock. The shares were sold at an average price of $80.00, for a total value of $176,160.00.

Shares of NYSE ASH opened at $79.20 on Friday. Ashland Global Holdings Inc. has a twelve month low of $38.88 and a twelve month high of $83.28. The stock’s 50 day moving average price is $77.37 and its 200-day moving average price is $74.34. The company has a market capitalization of $4.80 billion, a PE ratio of -9.43 and a beta of 1.36. The company has a quick ratio of 1.25, a current ratio of 1.90 and a debt-to-equity ratio of 0.52.

Ashland Global (NYSE:ASH) last announced its earnings results on Sunday, November 15th. The basic materials company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. Ashland Global had a positive return on equity of 5.40% and a negative net margin of 21.84%. The firm had revenue of $609.00 million for the quarter, compared to the consensus estimate of $589.15 million. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that Ashland Global Holdings Inc. will post 3.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were paid a $0.275 dividend. The ex-dividend date was Monday, November 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.39%. Ashland Global’s payout ratio is presently 39.29%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Ashland Global by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,965,578 shares of the basic materials company’s stock valued at $412,222,000 after purchasing an additional 267,884 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Ashland Global by 9.3% in the second quarter. Neuberger Berman Group LLC now owns 3,119,120 shares of the basic materials company’s stock valued at $215,512,000 after purchasing an additional 264,956 shares during the last quarter. FMR LLC lifted its stake in Ashland Global by 6.7% in the second quarter. FMR LLC now owns 1,151,922 shares of the basic materials company’s stock valued at $79,598,000 after purchasing an additional 72,176 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Ashland Global by 24.1% in the second quarter. Marshall Wace North America L.P. now owns 1,051,354 shares of the basic materials company’s stock valued at $72,649,000 after purchasing an additional 204,003 shares during the last quarter. Finally, Cooperman Leon G lifted its stake in Ashland Global by 3.9% in the third quarter. Cooperman Leon G now owns 801,965 shares of the basic materials company’s stock valued at $56,875,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

A number of brokerages recently commented on ASH. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Monday, November 16th. Evercore ISI initiated coverage on Ashland Global in a report on Tuesday, September 22nd. They set an “inline” rating and a $80.00 price objective for the company. Credit Suisse Group boosted their price objective on Ashland Global from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, November 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ashland Global in a report on Friday, October 9th. They set a “positive” rating for the company. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $87.40.

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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