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

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

Ashtead Technology Price Performance

LON AT opened at GBX 687 ($8.55) on Thursday. The company has a market cap of £549.26 million, a PE ratio of 3,271.43 and a beta of 0.32. Ashtead Technology Holdings Plc has a 52 week low of GBX 310 ($3.86) and a 52 week high of GBX 791 ($9.85). The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 38.53. The firm’s 50-day simple moving average is GBX 724.92 and its two-hundred day simple moving average is GBX 607.

Ashtead Technology Increases Dividend

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

Wall Street Analyst Weigh In

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