Ashtead Technology Holdings Plc (LON:AT) Insider Acquires £19,899 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider William(Bill) Mervyn FrewCarey Shannon purchased 3,015 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of GBX 660 ($8.22) per share, with a total value of £19,899 ($24,771.57).

Ashtead Technology Stock Down 9.4 %

Shares of AT stock opened at GBX 687 ($8.55) on Thursday. The stock’s 50-day simple moving average is GBX 724.92 and its 200-day simple moving average is GBX 607. The company has a debt-to-equity ratio of 38.53, a quick ratio of 1.46 and a current ratio of 1.56. The firm has a market capitalization of £549.26 million, a PE ratio of 3,271.43 and a beta of 0.32. Ashtead Technology Holdings Plc has a fifty-two week low of GBX 310 ($3.86) and a fifty-two week high of GBX 791 ($9.85).

Ashtead Technology Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a GBX 1.10 ($0.01) dividend. The ex-dividend date is Thursday, May 2nd. This is a positive change from Ashtead Technology’s previous dividend of $1.00. This represents a dividend yield of 0.15%. Ashtead Technology’s dividend payout ratio is currently 476.19%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on Ashtead Technology from GBX 700 ($8.71) to GBX 775 ($9.65) and gave the company a “buy” rating in a research note on Tuesday.

About Ashtead Technology

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. It offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.