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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
OTCMKTS:ASHTY

Ashtead Group (ASHTY) Stock Price, News & Analysis

$290.59
+2.99 (+1.04%)
(As of 03/28/2024 ET)
Today's Range
$287.96
$290.59
50-Day Range
$246.40
$295.83
52-Week Range
$213.03
$300.36
Volume
43,013 shs
Average Volume
20,122 shs
Market Capitalization
$31.78 billion
P/E Ratio
19.69
Dividend Yield
0.40%
Price Target
N/A

Ashtead Group MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.03% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.15%
From $15.34 to $16.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.98 out of 5 stars

ASHTY stock logo

About Ashtead Group Stock (OTCMKTS:ASHTY)

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. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races. It operates 1,094 stores in the United States, 119 stores in Canada, and 185 stores in the United Kingdom under the Sunbelt Rentals brand. The company was founded in 1947 and is headquartered in London, the United Kingdom.

ASHTY Stock Price History

ASHTY Stock News Headlines

ASHTY Ashtead Group plc
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Ashtead Group PLC ADR ASHTY
Ashtead lifts profit forecast as US business surges
HDSN or ASHTY: Which Is the Better Value Stock Right Now?
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
1/11/2024
Dividend Payable
2/23/2024
Last Earnings
3/05/2024
Today
3/28/2024
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
N/A
Current Symbol
OTCMKTS:ASHTY
Previous Symbol
NASDAQ:ASHTY
Employees
25,347
Year Founded
1947

Profitability

Net Income
$1.62 billion
Pretax Margin
22.65%

Debt

Sales & Book Value

Annual Sales
$9.67 billion
Cash Flow
$33.40 per share
Book Value
$54.82 per share

Miscellaneous

Free Float
N/A
Market Cap
$31.78 billion
Optionable
Not Optionable
Beta
1.78

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Key Executives

  • Mr. Brendan Horgan (Age 51)
    CEO & Executive Director
    Comp: $4.25M
  • Mr. Michael Richard Pratt (Age 60)
    CFO & Director
    Comp: $2.39M
  • Mr. Will Shaw
    Director of Investor Relations
  • Mr. Eric Watkins (Age 69)
    General Counsel & Secretary
  • Mr. John Washburn
    SVP Sales & Marketing
  • Mr. Anthony J. Miller
    Executive Vice President
  • Mr. Douglas McLuckie
    Managing Director of ESG
  • Ms. Cheryl Black
    Senior Vice President of Culture & Engagement

Should I Buy Ashtead Group Stock? ASHTY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ashtead Group plc:

  • Ashtead Group plc has a strong market capitalization of $29.28 billion, indicating stability and potential growth.
  • The company's return on equity of 28.49% showcases efficient use of shareholder funds to generate profits.
  • Ashtead Group's diverse range of services, including pumps, power generation, and scaffolding, provides revenue streams from various industries.
  • Despite missing earnings estimates in the last quarter, Ashtead Group's earnings per share of $4.71 demonstrate profitability.
  • With a beta of 1.78, Ashtead Group's stock price movements are more volatile than the market, offering potential for higher returns.

Cons

Investors should be bearish about investing in Ashtead Group plc for these reasons:

  • The recent dividend cut by Ashtead Group may signal financial challenges or a need to preserve cash flow.
  • Ashtead Group's debt-to-equity ratio of 1.25 indicates higher reliance on debt financing, which can pose risks during economic downturns.
  • The company's current ratio of 1.18 suggests potential liquidity issues in meeting short-term obligations.
  • Ashtead Group's P/E ratio of 17.64 and P/E/G ratio of 2.55 may indicate overvaluation compared to growth prospects.
  • Ashtead Group's stock price recently crossed below its 50-day moving average, signaling potential short-term bearish sentiment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, March 27, 2024. Please send any questions or comments about these Ashtead Group pros and cons to contact@marketbeat.com.

ASHTY Stock Analysis - Frequently Asked Questions

Should I buy or sell Ashtead Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASHTY shares.
View ASHTY analyst ratings
or view top-rated stocks.

How have ASHTY shares performed in 2024?

Ashtead Group's stock was trading at $284.25 at the start of the year. Since then, ASHTY shares have increased by 2.2% and is now trading at $290.59.
View the best growth stocks for 2024 here
.

Are investors shorting Ashtead Group?

Ashtead Group saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 35,000 shares, an increase of 19.0% from the February 14th total of 29,400 shares. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 1.7 days.
View Ashtead Group's Short Interest
.

How were Ashtead Group's earnings last quarter?

Ashtead Group plc (OTCMKTS:ASHTY) announced its quarterly earnings results on Tuesday, March, 5th. The company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.09. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.62 billion. Ashtead Group had a net margin of 16.64% and a trailing twelve-month return on equity of 27.08%.

How often does Ashtead Group pay dividends? What is the dividend yield for Ashtead Group?

Ashtead Group announced a dividend on Tuesday, December 12th. Investors of record on Friday, January 12th will be given a dividend of $0.58 per share on Friday, February 23rd. The ex-dividend date is Thursday, January 11th.
Read our dividend analysis for ASHTY
.

Is Ashtead Group a good dividend stock?

Ashtead Group (OTCMKTS:ASHTY) pays an annual dividend of $1.15 per share and currently has a dividend yield of 0.40%. The dividend payout ratio is 7.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASHTY will have a dividend payout ratio of 6.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASHTY.

How do I buy shares of Ashtead Group?

Shares of ASHTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Ashtead Group have any subsidiaries?
The following companies are subsidiares of Ashtead Group: ASTRA SITE SERVICES LIMITED, ATM Traffic Solutions Limited, Accession Group Limited, Accession Holdings Limited, Anglia Traffic Management Group Limited, Ashtead Canada Limited, Ashtead Capital Inc., Ashtead Financing (Ireland) Unlimited Company, Ashtead Financing Limited, Ashtead Holdings LLC, Ashtead Holdings PLC, Ashtead Plant Hire Company Ireland) Limited, Ashtead Plant Hire Company Limited, Ashtead US Holdings Inc., Ellerbeck Industries Limited, Eve Trakway Limited, Hoist It Limited, Inlec UK Limited, Live Trakway GmbH, Lux Traffic Controls, Opti-cal Survey Equipment Limited, Plantfinder, Plantfinder (Scotland) Limited, Precision Geometrics Limited, Pride Corporation, Sunbelt Rentals Exchange Inc, Sunbelt Rentals Inc., Sunbelt Rentals Industrial Services LLC, Sunbelt Rentals SAS, Sunbelt Rentals Scaffold Services Inc., Sunbelt Rentals Scaffold Services LLC, Sunbelt Rentals of Canada Inc., Sunbelt Rentals of the Bahamas Inc, and William F. White International.
Read More
This page (OTCMKTS:ASHTY) was last updated on 3/29/2024 by MarketBeat.com Staff

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