New insider activity at Ashland ( (ASH) ) has taken place on February 4, 2025.
In recent transactions, EVP Guillermo Novo made a significant investment by purchasing 31,294 shares of Ashland stock, valued at $2,010,326. Meanwhile, SVP and GM of Life Sciences, Alessandra Faccin Assis, acquired 3,150 shares, amounting to $201,600. These strategic moves by key executives underline a strong vote of confidence in Ashland’s future prospects.
Recent Updates on ASH stock
Ashland Global Holdings, Inc. reported a mixed financial performance in its recent Q1 earnings call. The company experienced a 14% year-over-year decline in sales, primarily due to portfolio optimization initiatives that reduced sales by $50 million. The decline was compounded by unexpected maintenance costs amounting to $5 million. The Life Sciences segment faced significant challenges, with sales dropping by 33% due to softer markets and customer inventory actions, particularly in Europe. Despite these setbacks, Ashland achieved robust growth in its Personal Care segment, driven by strong demand in the skin and hair care markets. The company announced a $30 million restructuring plan aimed at cost savings and focusing on core businesses, with a target of $90 million in total cost savings. Ashland remains optimistic about meeting its fiscal year targets, with projected sales between $1.9 billion and $2.05 billion and adjusted EBITDA between $430 million and $470 million, supported by strategic priorities and growth initiatives.
More about Ashland
YTD Price Performance: -8.96%
Average Trading Volume: 528,551
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3B