Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Allan Pirie sold 270,926 shares of Ashtead Technology stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of GBX 791 ($9.94), for a total transaction of £2,143,024.66 ($2,691,903.86).
Ashtead Technology Stock Performance
AT opened at GBX 798 ($10.02) on Friday. The business has a 50 day moving average price of GBX 738.62 and a two-hundred day moving average price of GBX 626.84. The company has a debt-to-equity ratio of 38.53, a current ratio of 1.56 and a quick ratio of 1.46. The company has a market capitalization of £638.00 million, a price-to-earnings ratio of 3,770.95 and a beta of 0.32. Ashtead Technology Holdings Plc has a 1-year low of GBX 310 ($3.89) and a 1-year high of GBX 791 ($9.94).
Ashtead Technology Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a GBX 1.10 ($0.01) dividend. This is a positive change from Ashtead Technology's previous dividend of $1.00. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 0.15%. Ashtead Technology's dividend payout ratio is 476.19%.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank boosted their price target on shares of Ashtead Technology from GBX 700 ($8.79) to GBX 775 ($9.73) and gave the stock a "buy" rating in a research report on Tuesday, April 16th.
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Ashtead Technology Company Profile
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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.
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