Ashtead Technology (LON:AT) Shares Up 1.1%

Ashtead Technology Holdings Plc (LON:ATGet Free Report) shares traded up 1.1% during mid-day trading on Wednesday . The stock traded as high as GBX 860 ($10.98) and last traded at GBX 837 ($10.69). 1,062,085 shares changed hands during mid-day trading, The stock had previously closed at GBX 828 ($10.57).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price objective on Ashtead Technology from GBX 700 ($8.94) to GBX 775 ($9.90) and gave the company a “buy” rating in a research report on Tuesday, April 16th.

View Our Latest Stock Analysis on AT

Ashtead Technology Stock Up 0.7 %

The company has a market capitalization of £672.21 million, a P/E ratio of 3,100.00 and a beta of 0.31. The company has a 50-day moving average of GBX 787.74 and a two-hundred day moving average of GBX 675.64. The company has a quick ratio of 1.46, a current ratio of 1.33 and a debt-to-equity ratio of 74.30.

Ashtead Technology Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.15%. This is a positive change from Ashtead Technology’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, May 2nd. Ashtead Technology’s dividend payout ratio (DPR) is presently 370.37%.

Insider Buying and Selling at Ashtead Technology

In other news, insider Ingrid Stewart sold 82,471 shares of Ashtead Technology stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of GBX 743 ($9.49), for a total value of £612,759.53 ($782,579.22). In other news, insider Allan Pirie sold 270,926 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of GBX 791 ($10.10), for a total value of £2,143,024.66 ($2,736,940.82). Also, insider Ingrid Stewart sold 82,471 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of GBX 743 ($9.49), for a total transaction of £612,759.53 ($782,579.22). 3.28% of the stock is owned by company insiders.

Ashtead Technology Company Profile

(Get Free Report)

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.

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