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 bought 3,015 shares of Ashtead Technology stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price of GBX 660 ($8.22) per share, for a total transaction of £19,899 ($24,771.57).

Ashtead Technology Stock Down 9.4 %

Shares of AT stock traded down GBX 71 ($0.88) during trading hours on Wednesday, hitting GBX 687 ($8.55). 1,501,168 shares of the company were exchanged. The business has a 50 day moving average of GBX 724.26 and a two-hundred day moving average of GBX 606.44. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 38.53. 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 market capitalization of £549.26 million, a PE ratio of 3,271.43 and a beta of 0.32.

Ashtead Technology Increases Dividend

The firm also recently declared 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 payout ratio is presently 476.19%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased 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 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.