William(Bill) Mervyn FrewCarey Shannon Purchases 3,015 Shares of Ashtead Technology Holdings Plc (LON:AT) Stock

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

Ashtead Technology Stock Down 9.4 %

LON AT traded down GBX 71 ($0.88) during trading on Wednesday, hitting GBX 687 ($8.55). The company’s stock had a trading volume of 1,501,168 shares. 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 cap of £549.26 million, a PE ratio of 3,271.43 and a beta of 0.32. The business’s 50 day simple moving average is GBX 724.26 and its 200-day simple moving average is GBX 606.44. Ashtead Technology Holdings Plc has a fifty-two week low of GBX 310 ($3.86) and a fifty-two week high of GBX 791 ($9.85).

Ashtead Technology Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders 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 a boost from Ashtead Technology’s previous dividend of $1.00. This represents a dividend yield of 0.15%. Ashtead Technology’s dividend payout ratio is currently 476.19%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price target on 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.