Ashland Global Holdings Inc. (ASH) Position Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its holdings in shares of Ashland Global Holdings Inc. (NYSE:ASH) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 54,649 shares of the basic materials company’s stock after acquiring an additional 770 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ashland Global were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in Ashland Global by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 29,122 shares of the basic materials company’s stock worth $1,919,000 after purchasing an additional 281 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Ashland Global by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 131,166 shares of the basic materials company’s stock worth $8,645,000 after purchasing an additional 383 shares during the last quarter. Bank of Nova Scotia boosted its position in Ashland Global by 0.4% in the second quarter. Bank of Nova Scotia now owns 200,700 shares of the basic materials company’s stock worth $13,228,000 after purchasing an additional 700 shares during the last quarter. New York State Common Retirement Fund boosted its position in Ashland Global by 0.6% in the third quarter. New York State Common Retirement Fund now owns 184,400 shares of the basic materials company’s stock worth $12,058,000 after purchasing an additional 1,162 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Ashland Global by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 91,533 shares of the basic materials company’s stock worth $6,033,000 after purchasing an additional 1,223 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Ashland Global Holdings Inc. (NYSE ASH) opened at $72.66 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.29. Ashland Global Holdings Inc. has a 12 month low of $58.30 and a 12 month high of $77.16. The company has a market capitalization of $4,588.13, a PE ratio of -1,211.00, a PEG ratio of 2.30 and a beta of 1.13.

Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. The company had revenue of $842.00 million during the quarter, compared to the consensus estimate of $842.05 million. During the same period last year, the business earned $1.16 EPS. research analysts expect that Ashland Global Holdings Inc. will post 3.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, February 28th. Ashland Global’s dividend payout ratio (DPR) is currently -1,500.00%.

In other news, CFO J Kevin Willis sold 1,352 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total value of $89,542.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Anne T. Schumann sold 8,507 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $73.46, for a total value of $624,924.22. The disclosure for this sale can be found here. Insiders sold 41,077 shares of company stock worth $2,949,366 in the last ninety days. Corporate insiders own 1.14% of the company’s stock.

Several research analysts have issued reports on ASH shares. Seaport Global Securities reissued a “buy” rating and issued a $81.00 target price on shares of Ashland Global in a research report on Wednesday, January 31st. Deutsche Bank raised their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. UBS Group raised their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised Ashland Global from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and issued a $74.00 target price on shares of Ashland Global in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Ashland Global presently has an average rating of “Hold” and an average target price of $83.00.

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Ashland Global Company Profile

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

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

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