Campbell & CO Investment Adviser LLC Lowers Stock Position in Ashland Global Holdings Inc. (NYSE:ASH)


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Campbell & CO Investment Adviser LLC lessened its stake in shares of Ashland Global Holdings Inc. (NYSE:ASH) by 41.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,461 shares of the basic materials company’s stock after selling 4,500 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Ashland Global were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. ProShare Advisors LLC increased its holdings in Ashland Global by 13.0% during the fourth quarter. ProShare Advisors LLC now owns 6,656 shares of the basic materials company’s stock worth $527,000 after buying an additional 765 shares during the last quarter. Sei Investments Co. increased its holdings in Ashland Global by 6.2% during the fourth quarter. Sei Investments Co. now owns 105,109 shares of the basic materials company’s stock worth $8,323,000 after buying an additional 6,139 shares during the last quarter. BlackRock Inc. increased its holdings in Ashland Global by 2.0% during the fourth quarter. BlackRock Inc. now owns 4,664,064 shares of the basic materials company’s stock worth $369,392,000 after buying an additional 92,933 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in Ashland Global by 296.3% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,348,743 shares of the basic materials company’s stock worth $106,821,000 after buying an additional 1,008,443 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Ashland Global by 962.8% during the fourth quarter. SG Americas Securities LLC now owns 25,720 shares of the basic materials company’s stock worth $2,037,000 after buying an additional 23,300 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Shares of NYSE ASH opened at $86.17 on Tuesday. 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 Holdings Inc. has a 52 week low of $38.88 and a 52 week high of $89.62. The firm’s fifty day moving average is $85.21 and its 200 day moving average is $77.71. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -10.26 and a beta of 1.35.

Ashland Global (NYSE:ASH) last issued its earnings results on Tuesday, February 2nd. The basic materials company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Ashland Global had a negative net margin of 21.84% and a positive return on equity of 5.40%. The company had revenue of $552.00 million for the quarter, compared to the consensus estimate of $540.18 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Ashland Global Holdings Inc. will post 3.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Friday, February 26th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 25th. Ashland Global’s payout ratio is 39.29%.

ASH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ashland Global from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, February 8th. Credit Suisse Group raised their price objective on shares of Ashland Global from $94.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, February 5th. Monness Crespi & Hardt raised their price objective on shares of Ashland Global from $88.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Finally, Zacks Investment Research lowered shares of Ashland Global from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Monday, November 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.50.

In other Ashland Global news, CFO J Kevin Willis sold 4,074 shares of the business’s stock in a transaction on Monday, December 28th. The shares were sold at an average price of $80.00, for a total transaction of $325,920.00. Following the transaction, the chief financial officer now directly owns 938 shares of the company’s stock, valued at approximately $75,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Peter Ganz sold 2,549 shares of the business’s stock in a transaction on Monday, November 30th. The shares were sold at an average price of $75.93, for a total transaction of $193,545.57. Following the transaction, the senior vice president now directly owns 41,532 shares in the company, valued at $3,153,524.76. The disclosure for this sale can be found here. 10.08% of the stock is owned by insiders.

Ashland Global Company 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.

Read More: Price to Earnings Ratio (PE) Basics

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

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