Ashland Inc (ASH) : Elmrox Investment Group Im reduced its stake in Ashland Inc by 11.13% during the most recent quarter end. The investment management company now holds a total of 935,500 shares of Ashland Inc which is valued at $104.6 Million after selling 117,191 shares in Ashland Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Ashland Inc makes up approximately 100.00% of Elmrox Investment Group Im’s portfolio.
Other Hedge Funds, Including , New York State Common Retirement Fund reduced its stake in ASH by selling 17,717 shares or 10.06% in the most recent quarter. The Hedge Fund company now holds 158,355 shares of ASH which is valued at $17.6 Million. Ashland Inc makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.Schwab Charles Investment Management Inc boosted its stake in ASH in the latest quarter, The investment management firm added 4,195 additional shares and now holds a total of 156,080 shares of Ashland Inc which is valued at $17.4 Million. Ashland Inc makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio. Jennison Associates sold out all of its stake in ASH during the most recent quarter. The investment firm sold 4,035 shares of ASH which is valued $449,620.Aperio Group reduced its stake in ASH by selling 863 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 16,730 shares of ASH which is valued at $1.9 Million. Ashland Inc makes up approx 0.02% of Aperio Group’s portfolio.
Ashland Inc opened for trading at $112 and hit $113.47 on the upside on Monday, eventually ending the session at $112.83, with a gain of 0.90% or 1.01 points. The heightened volatility saw the trading volume jump to 2,30,930 shares. Company has a market cap of $7,002 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.
Many Wall Street Analysts have commented on Ashland Inc. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 118 from a previous price target of $109 .
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.