Ashtead Technology Holdings Plc (LON:AT) Insider Sells £612,759.53 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider Ingrid Stewart sold 82,471 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of GBX 743 ($9.18), for a total value of £612,759.53 ($756,867.01).

Ashtead Technology Price Performance

Shares of LON AT opened at GBX 742 ($9.17) on Wednesday. The firm has a market capitalization of £593.23 million, a P/E ratio of 3,533.33 and a beta of 0.32. 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 stock’s 50-day simple moving average is GBX 729.66 and its two-hundred day simple moving average is GBX 616.87. Ashtead Technology Holdings Plc has a twelve month low of GBX 310 ($3.83) and a twelve month high of GBX 791 ($9.77).

Ashtead Technology Increases Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on Ashtead Technology from GBX 700 ($8.65) to GBX 775 ($9.57) and gave the company a “buy” rating in a research note on Tuesday, April 16th.

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.