Ashland Inc (ASH) : Greenwich Wealth Management added new position in Ashland Inc during the most recent quarter end. The investment management firm now holds 935,500 shares of Ashland Inc which is valued at $101,239,810 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ashland Inc makes up approximately 17.53% of Greenwich Wealth Management’s portfolio.
Other Hedge Funds, Including , Ontario Teachers Pension Plan Board reduced its stake in ASH by selling 547 shares or 10.15% in the most recent quarter. The Hedge Fund company now holds 4,842 shares of ASH which is valued at $524,001. Ashland Inc makes up approx 0.01% of Ontario Teachers Pension Plan Board’s portfolio.Blackrock Japan Ltd boosted its stake in ASH in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 83,678 shares of Ashland Inc which is valued at $9,502,474. Ashland Inc makes up approx 0.03% of Blackrock Japan Ltd’s portfolio.Blackrock Investment Management boosted its stake in ASH in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 224,087 shares of Ashland Inc which is valued at $25,447,320. Ashland Inc makes up approx 0.03% of Blackrock Investment Management’s portfolio.Bronfman E.l. Rothschild reduced its stake in ASH by selling 41 shares or 14.19% in the most recent quarter. The Hedge Fund company now holds 248 shares of ASH which is valued at $28,026.
Ashland Inc opened for trading at $109.26 and hit $111.27 on the upside on Monday, eventually ending the session at $111.12, with a gain of 1.65% or 1.8 points. The heightened volatility saw the trading volume jump to 4,56,054 shares. Company has a market cap of $6,901 M.
On the company’s financial health, Ashland Inc reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.74. The company had revenue of $1247.00 million for the quarter, compared to analysts expectations of $1251.60 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.03 EPS.
Investors should note that on Nov 17, 2016, Ashland Inc announced a cash dividend of $0.3900. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.
Ashland Inc. (Ashland) is a specialty chemical company that provides products services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products technologies and resources in key markets including personal and home care pharmaceutical food and beverage coatings construction energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp paper mining food and beverage power generation refining chemical processing general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing cost-efficient resin and adhesive technologies that improve the manufacturing fabrication and design process and Ashland Consumer Markets delivers premium-branded automotive commercial and industrial lubricants automotive chemicals and car-care products.