Fort Washington Investment Advisors Inc. OH Has $12.42 Million Stock Holdings in Ashland Inc. (NYSE:ASH)

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Ashland Inc. (NYSE:ASHFree Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,282 shares of the basic materials company’s stock after selling 34,180 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Ashland were worth $12,417,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ASH. Allspring Global Investments Holdings LLC raised its position in shares of Ashland by 139.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,414,765 shares of the basic materials company’s stock valued at $115,558,000 after acquiring an additional 824,600 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Ashland by 1,837.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 659,044 shares of the basic materials company’s stock valued at $57,278,000 after acquiring an additional 625,020 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ashland by 33.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,260,333 shares of the basic materials company’s stock valued at $184,624,000 after acquiring an additional 560,916 shares during the last quarter. Norges Bank bought a new stake in shares of Ashland during the 4th quarter valued at $31,908,000. Finally, Atlantic Investment Management Inc. bought a new stake in shares of Ashland during the 3rd quarter valued at $22,880,000. Institutional investors and hedge funds own 93.95% of the company’s stock.

Ashland Price Performance

Shares of NYSE ASH opened at $95.22 on Wednesday. The firm has a market cap of $4.77 billion, a PE ratio of 31.22 and a beta of 0.92. The company has a current ratio of 3.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.44. Ashland Inc. has a 1-year low of $70.82 and a 1-year high of $105.15. The company has a fifty day moving average price of $91.01 and a 200 day moving average price of $83.95.

Ashland (NYSE:ASHGet Free Report) last announced its earnings results on Wednesday, January 31st. The basic materials company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.24. The firm had revenue of $473.00 million during the quarter, compared to analyst estimates of $478.69 million. Ashland had a net margin of 7.62% and a return on equity of 5.95%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Research analysts predict that Ashland Inc. will post 4.33 earnings per share for the current fiscal year.

Ashland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.385 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.62%. Ashland’s dividend payout ratio is 50.49%.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of Ashland from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Wolfe Research assumed coverage on shares of Ashland in a research report on Friday, March 1st. They set an “outperform” rating and a $108.00 target price for the company. Wells Fargo & Company upped their target price on shares of Ashland from $80.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. upped their price objective on shares of Ashland from $70.00 to $88.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Finally, TheStreet upgraded shares of Ashland from a “c+” rating to a “b-” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ashland has an average rating of “Hold” and an average target price of $99.67.

Check Out Our Latest Report on Ashland

Ashland Company Profile

(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.

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Institutional Ownership by Quarter for Ashland (NYSE:ASH)

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