Ashtead Group plc (LON:AHT) Insider Renata Ribeiro Buys 150 Shares of Stock

Ashtead Group plc (LON:AHT) insider Renata Ribeiro acquired 150 shares of the stock in a transaction dated Friday, April 11th. The shares were purchased at an average price of GBX 3,932 ($51.47) per share, for a total transaction of £5,898 ($7,719.90).

Ashtead Group Trading Down 1.3 %

Shares of AHT stock opened at GBX 3,819 ($49.99) on Friday. Ashtead Group plc has a 12-month low of GBX 3,477 ($45.51) and a 12-month high of GBX 6,448 ($84.40). The company has a market capitalization of £20.85 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The firm has a 50 day moving average price of GBX 4,483.79 and a two-hundred day moving average price of GBX 5,234.75. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30.

Ashtead Group (LON:AHT) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 77.20 ($1.01) earnings per share for the quarter. Ashtead Group had a return on equity of 21.43% and a net margin of 14.08%. As a group, analysts predict that Ashtead Group plc will post 363.5658915 earnings per share for the current year.

Ashtead Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 0.45%. Ashtead Group’s payout ratio is presently 28.47%.

Wall Street Analyst Weigh In

AHT has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,800 ($89.01) price objective on shares of Ashtead Group in a research note on Monday, December 16th. Berenberg Bank restated a “buy” rating and issued a GBX 7,000 ($91.62) price target on shares of Ashtead Group in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 6,840 ($89.53).

About Ashtead Group

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.