Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of Ashland Global Holdings Inc (NYSE:ASH) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,872 shares of the basic materials company’s stock after selling 457 shares during the period. Janney Montgomery Scott LLC’s holdings in Ashland Global were worth $684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ASH. Mcmillion Capital Management Inc. acquired a new stake in Ashland Global during the 2nd quarter valued at $28,000. Advisory Services Network LLC increased its stake in Ashland Global by 213.4% in the 2nd quarter. Advisory Services Network LLC now owns 351 shares of the basic materials company’s stock valued at $28,000 after buying an additional 239 shares during the last quarter. Executive Wealth Management LLC increased its stake in Ashland Global by 738.2% in the 2nd quarter. Executive Wealth Management LLC now owns 461 shares of the basic materials company’s stock valued at $37,000 after buying an additional 406 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Ashland Global in the 2nd quarter valued at $40,000. Finally, Old North State Trust LLC acquired a new stake in Ashland Global in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

Several equities research analysts have issued reports on ASH shares. ValuEngine upgraded shares of Ashland Global from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Buckingham Research lifted their target price on shares of Ashland Global from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Co began coverage on shares of Ashland Global in a report on Tuesday, October 15th. They set an “outperform” rating and a $90.00 target price for the company. Monness Crespi & Hardt raised shares of Ashland Global from a “neutral” rating to a “buy” rating and set a $88.00 target price for the company in a report on Monday, October 14th. Finally, Zacks Investment Research downgraded shares of Ashland Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $87.38.

Shares of ASH stock traded up $0.73 during midday trading on Tuesday, hitting $78.69. 6,351 shares of the company were exchanged, compared to its average volume of 388,604. The firm has a market capitalization of $4.75 billion, a P/E ratio of 21.99, a PEG ratio of 2.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.43 and a current ratio of 2.02. The firm’s 50 day moving average price is $76.89 and its two-hundred day moving average price is $76.36. Ashland Global Holdings Inc has a 52 week low of $64.93 and a 52 week high of $83.97.

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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