Is it Wise to Invest in Ashland Global (ASH)?

Diamond Hill Capital, an investment management firm, published its “Diamond Hill Small Cap Fund” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio outpaced the Russell 2000® Index in the quarter, adding to full-year outperformance. Relative performance was aided by our below-benchmark health care exposure, particularly its lack of exposure to biotechnology stocks which were down nearly 13% in the quarter and represent almost half the sector’s weight Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Diamond Hill Small Cap Fund, in its Q4 2021 investor letter, mentioned Ashland Global Holdings Inc. (NYSE: ASH) and discussed its stance on the firm. Ashland Global Holdings Inc. is a Wilmington, Delaware-based chemicals company with a $5.3 billion market capitalization. ASH delivered a -12.49% return since the beginning of the year, while its 12-month returns are up by 11.99%. The stock closed at $94.21 per share on February 25, 2022.

Here is what Diamond Hill Small Cap Fund has to say about Ashland Global Holdings Inc. in its Q4 2021 investor letter:

“Other top contributors included specialty chemicals company Ashland Global. Investors were cheered when Ashland Global’s management projected a stronger than expected outlook for margins and top-line organic growth.”

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Our calculations show that Ashland Global Holdings Inc. (NYSE: ASH) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. ASH was in 25 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 26 funds in the previous quarter. Ashland Global Holdings Inc. (NYSE: ASH) delivered a -9.60% return in the past 3 months.

In September 2021, we published an article that includes ASH in the 5 Best Chemical Stocks to Buy According to Jonathan Barrett and Paul Segal’s Luminus Management. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.