William(Bill) Mervyn FrewCarey Shannon Acquires 3,015 Shares of Ashtead Technology Holdings Plc (LON:AT) Stock

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

Ashtead Technology Trading Down 0.1 %

AT stock opened at GBX 735 ($9.15) on Friday. The company has a market capitalization of £587.63 million, a PE ratio of 3,504.76 and a beta of 0.32. Ashtead Technology Holdings Plc has a 12 month low of GBX 310 ($3.86) and a 12 month high of GBX 791 ($9.85). The firm’s 50-day moving average is GBX 726.08 and its 200 day moving average is GBX 607.90. The company has a debt-to-equity ratio of 38.53, a current ratio of 1.56 and a quick ratio of 1.46.

Ashtead Technology Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a GBX 1.10 ($0.01) dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Ashtead Technology’s previous dividend of $1.00. Ashtead Technology’s dividend payout ratio (DPR) is currently 476.19%.

Analyst Ratings Changes

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

Ashtead Technology Company Profile

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.