Ashland Global Holdings Inc (NYSE:ASH) Shares Bought by First Financial Bank Trust Division

First Financial Bank Trust Division boosted its holdings in shares of Ashland Global Holdings Inc (NYSE:ASH) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,894 shares of the basic materials company’s stock after acquiring an additional 933 shares during the quarter. First Financial Bank Trust Division owned 0.09% of Ashland Global worth $4,367,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Ashland Global by 82.9% during the fourth quarter. Deutsche Bank AG now owns 370,695 shares of the basic materials company’s stock worth $26,301,000 after acquiring an additional 168,020 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ashland Global by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 614,506 shares of the basic materials company’s stock valued at $43,605,000 after purchasing an additional 39,045 shares during the last quarter. Norges Bank purchased a new stake in shares of Ashland Global in the fourth quarter valued at about $30,610,000. Financial Advocates Investment Management raised its holdings in shares of Ashland Global by 173,906.5% in the fourth quarter. Financial Advocates Investment Management now owns 133,985 shares of the basic materials company’s stock valued at $4,972,000 after purchasing an additional 133,908 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Ashland Global by 1,099.1% in the fourth quarter. Millennium Management LLC now owns 464,606 shares of the basic materials company’s stock valued at $32,968,000 after purchasing an additional 425,860 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

In other news, insider Osama M. Musa sold 2,156 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.87, for a total transaction of $170,043.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. In the last three months, insiders sold 15,659 shares of company stock valued at $1,243,208. 1.14% of the stock is owned by insiders.

Several analysts have recently commented on ASH shares. Credit Suisse Group reiterated a “buy” rating and issued a $90.00 target price on shares of Ashland Global in a report on Monday, February 4th. Deutsche Bank lowered their target price on shares of Ashland Global from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Ashland Global from a “neutral” rating to an “overweight” rating and set a $68.23 price target for the company in a research report on Thursday, December 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $89.80.

NYSE:ASH traded up $0.01 during trading hours on Wednesday, hitting $79.89. The company had a trading volume of 2,138 shares, compared to its average volume of 565,823. The stock has a market cap of $4.98 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.31. Ashland Global Holdings Inc has a 52 week low of $64.81 and a 52 week high of $86.63. The company has a quick ratio of 1.51, a current ratio of 2.20 and a debt-to-equity ratio of 0.69.

Ashland Global (NYSE:ASH) last released its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Ashland Global had a net margin of 2.01% and a return on equity of 6.17%. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $585.78 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts expect that Ashland Global Holdings Inc will post 3.18 EPS for the current fiscal year.

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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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