Janus Henderson Group PLC Sells 985 Shares of Ashland Global Holdings Inc (NYSE:ASH)

Janus Henderson Group PLC lessened its position in Ashland Global Holdings Inc (NYSE:ASH) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,089 shares of the basic materials company’s stock after selling 985 shares during the quarter. Janus Henderson Group PLC’s holdings in Ashland Global were worth $710,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ASH. JPMorgan Chase & Co. boosted its stake in Ashland Global by 46.9% during the third quarter. JPMorgan Chase & Co. now owns 131,416 shares of the basic materials company’s stock valued at $11,022,000 after buying an additional 41,963 shares during the period. Vanguard Group Inc boosted its stake in Ashland Global by 2.7% during the third quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after buying an additional 152,555 shares during the period. FNY Investment Advisers LLC boosted its stake in Ashland Global by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the basic materials company’s stock valued at $70,000 after buying an additional 500 shares during the period. Bank of Montreal Can boosted its stake in Ashland Global by 2.2% during the fourth quarter. Bank of Montreal Can now owns 9,336 shares of the basic materials company’s stock valued at $662,000 after buying an additional 202 shares during the period. Finally, Arizona State Retirement System boosted its stake in Ashland Global by 1.2% during the fourth quarter. Arizona State Retirement System now owns 44,849 shares of the basic materials company’s stock valued at $3,182,000 after buying an additional 523 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ASH traded down $1.84 during trading on Friday, reaching $78.25. The company’s stock had a trading volume of 770,296 shares, compared to its average volume of 776,724. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.67 and a beta of 1.27. The company has a current ratio of 2.27, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68. Ashland Global Holdings Inc has a 12 month low of $64.93 and a 12 month high of $86.63.

Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $667.00 million during the quarter, compared to the consensus estimate of $680.96 million. Ashland Global had a net margin of 2.30% and a return on equity of 5.79%. The business’s revenue for the quarter was down 31.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. As a group, equities analysts forecast that Ashland Global Holdings Inc will post 2.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, May 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Ashland Global’s previous quarterly dividend of $0.25. Ashland Global’s payout ratio is currently 30.73%.

ASH has been the subject of several research analyst reports. TheStreet raised Ashland Global from a “c+” rating to a “b” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Ashland Global from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. ValuEngine lowered Ashland Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Finally, JPMorgan Chase & Co. lowered Ashland Global from an “overweight” rating to a “neutral” rating and set a $82.00 price target for the company. in a research note on Friday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Ashland Global presently has an average rating of “Buy” and an average target price of $90.88.

In related news, insider Peter Ganz sold 1,562 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $74.32, for a total transaction of $116,087.84. Following the completion of the sale, the insider now owns 40,150 shares of the company’s stock, valued at approximately $2,983,948. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Heitman sold 6,300 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $79.46, for a total transaction of $500,598.00. Following the sale, the insider now directly owns 6,303 shares of the company’s stock, valued at approximately $500,836.38. The disclosure for this sale can be found here. Insiders have sold 15,065 shares of company stock valued at $1,189,252 in the last three months. Corporate insiders own 1.14% of the company’s stock.

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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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