Insider Buying: Ashtead Group plc (LON:AHT) Insider Purchases 150 Shares of Stock

Ashtead Group plc (LON:AHT) insider Renata Ribeiro acquired 150 shares of Ashtead Group stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average cost of GBX 3,932 ($51.47) per share, with a total value of £5,898 ($7,719.90).

Ashtead Group Stock Down 1.3 %

Shares of AHT stock opened at GBX 3,819 ($49.99) on Friday. The stock’s 50 day simple moving average is GBX 4,483.79 and its 200 day simple moving average is GBX 5,234.75. Ashtead Group plc has a twelve month low of GBX 3,477 ($45.51) and a twelve month high of GBX 6,448 ($84.40). The company has a debt-to-equity ratio of 146.30, a quick ratio of 1.13 and a current ratio of 1.31. The company has a market capitalization of £20.85 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.32 and a beta of 1.22.

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

Ashtead Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were issued a dividend of $0.36 per share. This represents a yield of 0.45%. The ex-dividend date was Thursday, January 9th. Ashtead Group’s dividend payout ratio (DPR) is 28.47%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AHT shares. Jefferies Financial Group reiterated 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 reiterated a “buy” rating and set a GBX 7,000 ($91.62) price objective on shares of Ashtead Group in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 6,840 ($89.53).

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.