LS Investment Advisors LLC Has $217,000 Stock Position in Ashland Global Holdings Inc (NYSE:ASH)

LS Investment Advisors LLC decreased its stake in Ashland Global Holdings Inc (NYSE:ASH) by 8.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,818 shares of the basic materials company’s stock after selling 245 shares during the quarter. LS Investment Advisors LLC’s holdings in Ashland Global were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. First Financial Bank Trust Division lifted its stake in Ashland Global by 2.4% in the 2nd quarter. First Financial Bank Trust Division now owns 57,246 shares of the basic materials company’s stock worth $4,578,000 after acquiring an additional 1,352 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Ashland Global by 25.4% during the 2nd quarter. WINTON GROUP Ltd now owns 465,396 shares of the basic materials company’s stock worth $37,218,000 after purchasing an additional 94,373 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Ashland Global by 70.5% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 20,455 shares of the basic materials company’s stock worth $1,636,000 after purchasing an additional 8,455 shares in the last quarter. Wiley BROS. Aintree Capital LLC raised its stake in shares of Ashland Global by 18.5% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 3,525 shares of the basic materials company’s stock worth $282,000 after purchasing an additional 550 shares in the last quarter. Finally, Leisure Capital Management raised its stake in shares of Ashland Global by 6.3% during the 2nd quarter. Leisure Capital Management now owns 10,046 shares of the basic materials company’s stock worth $803,000 after purchasing an additional 599 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

A number of brokerages have recently commented on ASH. SunTrust Banks lowered their price objective on Ashland Global from $95.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. They noted that the move was a valuation call. Credit Suisse Group set a $92.00 price objective on Ashland Global and gave the company a “buy” rating in a report on Friday, July 12th. Monness Crespi & Hardt raised Ashland Global from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Monday, October 14th. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Co began coverage on Ashland Global in a report on Tuesday, October 15th. They set an “outperform” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ashland Global currently has a consensus rating of “Buy” and a consensus target price of $87.38.

ASH opened at $78.47 on Friday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The stock’s 50 day moving average price is $76.85 and its two-hundred day moving average price is $76.36. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. Ashland Global Holdings Inc has a 12-month low of $64.93 and a 12-month high of $84.11.

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.

Read More: How is a management fee different from a performance fee?

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

Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.