Keller Group (LON:KLR) Board of Directors Initiates Share Repurchase Plan

Keller Group (LON:KLR) announced that its Board of Directors has initiated a stock buyback plan on Monday, March 31st, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Keller Group Trading Down 0.3 %

Shares of KLR traded down GBX 4 ($0.05) during midday trading on Monday, reaching GBX 1,376 ($17.78). The company had a trading volume of 190,796 shares, compared to its average volume of 346,266. The firm has a 50 day simple moving average of GBX 1,361.51 and a 200-day simple moving average of GBX 1,480.48. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. The stock has a market cap of £1.00 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. Keller Group has a 1-year low of GBX 1,024 ($13.23) and a 1-year high of GBX 1,704 ($22.02).

Keller Group (LON:KLR) last issued its earnings results on Tuesday, March 4th. The company reported GBX 204 ($2.64) EPS for the quarter. Keller Group had a net margin of 4.20% and a return on equity of 23.55%. Research analysts forecast that Keller Group will post 192.5925926 EPS for the current fiscal year.

Keller Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 22nd will be given a GBX 33.10 ($0.43) dividend. The ex-dividend date is Thursday, May 22nd. This represents a yield of 2.4%. This is an increase from Keller Group’s previous dividend of $16.60. Keller Group’s payout ratio is currently 27.77%.

Insider Activity

In other news, insider David Burke sold 33,773 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of GBX 1,408 ($18.19), for a total value of £475,523.84 ($614,371.89). Corporate insiders own 4.19% of the company’s stock.

Keller Group Company Profile

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services.