Ashtead Group plc (LON:AHT) Insider Sells £219,200 in Stock

Ashtead Group plc (LON:AHT) insider Lucinda Riches sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($71.07), for a total transaction of £219,200 ($284,269.23).

Ashtead Group Price Performance

AHT stock opened at GBX 5,284.56 ($68.53) on Monday. The company has a market capitalization of £23.06 billion, a PE ratio of 1,816.00, a P/E/G ratio of 1.26 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 162.35. The stock’s 50 day moving average is GBX 5,498.64 and its two-hundred day moving average is GBX 5,436.09. Ashtead Group plc has a 52-week low of GBX 4,437 ($57.54) and a 52-week high of GBX 6,180 ($80.15).

Ashtead Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 8th will be paid a $0.89 dividend. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, August 8th. This is a positive change from Ashtead Group’s previous dividend of $0.16. Ashtead Group’s payout ratio is 2,749.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AHT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,150 ($79.76) target price on shares of Ashtead Group in a research report on Wednesday, June 12th. Barclays restated an “overweight” rating and issued a GBX 6,600 ($85.59) price target on shares of Ashtead Group in a report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ashtead Group from GBX 6,800 ($88.19) to GBX 6,500 ($84.30) and set a “buy” rating on the stock in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,933.13 ($63.98).

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.