1 week Ago By ABMN Staff
Prudential Financial Inc. reduced its holdings in shares of Ashland Inc. ( NYSE:ASH – Free Report ) by 14.
7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,735 shares of the basic materials company’s stock after selling 645 shares during the period.
Prudential Financial Inc.’s holdings in Ashland were worth $267,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of ASH.
Stifel Financial Corp lifted its holdings in shares of Ashland by 1.3% in the third quarter. Stifel Financial Corp now owns 36,943 shares of the basic materials company’s stock worth $3,213,000 after acquiring an additional 486 shares during the last quarter.
MML Investors Services LLC lifted its stake in Ashland by 25.7% in the 3rd quarter. MML Investors Services LLC now owns 4,729 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 966 shares during the last quarter.
Barclays PLC lifted its stake in Ashland by 323.1% in the 3rd quarter. Barclays PLC now owns 71,689 shares of the basic materials company’s stock valued at $6,236,000 after purchasing an additional 54,745 shares during the last quarter.
Geode Capital Management LLC grew its stake in shares of Ashland by 0.3% during the third quarter. Geode Capital Management LLC now owns 827,642 shares of the basic materials company’s stock worth $72,000,000 after buying an additional 2,316 shares during the last quarter.
Finally, Neo Ivy Capital Management acquired a new position in shares of Ashland during the third quarter worth $728,000. 93.95% of the stock is owned by institutional investors and hedge funds.
Ashland Stock Performance Shares of ASH stock opened at $48.49 on Friday. The company has a debt-to-equity ratio of 0.
51, a current ratio of 2.52 and a quick ratio of 1.27.
Ashland Inc. has a one year low of $45.21 and a one year high of $102.
50. The business’s 50 day simple moving average is $58.89 and its 200 day simple moving average is $71.
06. The stock has a market capitalization of $2.29 billion, a PE ratio of -73.
46, a PEG ratio of 1.14 and a beta of 0.70.
Ashland Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.405 per share.
This represents a $1.62 annualized dividend and a dividend yield of 3.34%.
The ex-dividend date was Friday, February 28th. Ashland’s dividend payout ratio (DPR) is -245.45%.
Wall Street Analyst Weigh In Several research firms have commented on ASH. UBS Group dropped their target price on Ashland from $95.00 to $93.
00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Ashland from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.
Wells Fargo & Company reduced their target price on shares of Ashland from $69.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday.
JPMorgan Chase & Co. raised shares of Ashland from a “neutral” rating to an “overweight” rating and raised their price target for the company from $68.00 to $71.
00 in a research note on Wednesday, March 26th. Finally, Seaport Res Ptn cut shares of Ashland from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, Ashland currently has a consensus rating of “Moderate Buy” and an average price target of $83.20.
Read Our Latest Stock Report on Ashland Insider Activity In related news, CEO Guillermo Novo purchased 31,294 shares of Ashland stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $64.24 per share, for a total transaction of $2,010,326.
56. Following the completion of the acquisition, the chief executive officer now owns 31,294 shares of the company’s stock, valued at $2,010,326.56.
This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link . 1.
02% of the stock is currently owned by company insiders. About Ashland ( Free Report ) Ashland Inc provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments.
The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. Featured Stories Want to see what other hedge funds are holding ASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashland Inc.
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