Insider Selling: Ashtead Technology Holdings Plc (LON:AT) Insider Sells 82,471 Shares of Stock

Ashtead Technology Holdings Plc (LON:AT) insider Ingrid Stewart sold 82,471 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of GBX 743 ($9.25), for a total value of £612,759.53 ($762,802.85).

Ashtead Technology Trading Up 1.0 %

Shares of Ashtead Technology stock opened at GBX 742 ($9.24) on Monday. The stock has a fifty day simple moving average of GBX 727.02 and a 200 day simple moving average of GBX 612.46. Ashtead Technology Holdings Plc has a 12-month low of GBX 310 ($3.86) and a 12-month high of GBX 791 ($9.85). The company 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 current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 38.53.

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 given a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 0.15%. This is a boost from Ashtead Technology’s previous dividend of $1.00. Ashtead Technology’s payout ratio is currently 476.19%.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price target on Ashtead Technology from GBX 700 ($8.71) to GBX 775 ($9.65) 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.