Ashtead Group plc (LON:AHT) to Issue Dividend of $0.89

Ashtead Group plc (LON:AHT) declared a dividend on Tuesday, June 18th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be given a dividend of $0.89 per share on Tuesday, September 10th. This represents a yield of 1.28%. The ex-dividend date is Thursday, August 8th. This is an increase from Ashtead Group’s previous dividend of $0.16. The official announcement can be accessed at this link.

Ashtead Group Stock Up 3.3 %

AHT opened at GBX 5,268 ($67.32) on Wednesday. The stock has a market capitalization of £22.99 billion, a price-to-earnings ratio of 1,753.26, a PEG ratio of 1.26 and a beta of 1.29. The company has a fifty day moving average of GBX 5,373.76 and a two-hundred day moving average of GBX 5,467.92. The company has a debt-to-equity ratio of 162.35, a quick ratio of 1.13 and a current ratio of 1.36. Ashtead Group has a fifty-two week low of GBX 4,437 ($56.70) and a fifty-two week high of GBX 6,180 ($78.98).

Insider Buying and Selling

In other news, insider Lucinda Riches sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 5,480 ($70.03), for a total value of £219,200 ($280,127.80). In other Ashtead Group news, insider Lucinda Riches sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of GBX 5,480 ($70.03), for a total value of £219,200 ($280,127.80). Also, insider Brendan Horgan sold 37,063 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of GBX 5,112 ($65.33), for a total value of £1,894,660.56 ($2,421,291.45). 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating and set a GBX 6,600 ($84.35) target price on shares of Ashtead Group in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ashtead Group from GBX 6,800 ($86.90) to GBX 6,500 ($83.07) and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 6,150 ($78.59) target price on shares of Ashtead Group in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,933.13 ($63.04).

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.