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

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

Ashtead Technology Stock Performance

Shares of LON AT opened at GBX 742 ($9.17) on Wednesday. The company has a market cap of £593.23 million, a PE ratio of 3,533.33 and a beta of 0.32. Ashtead Technology Holdings Plc has a 12 month low of GBX 310 ($3.83) and a 12 month high of GBX 791 ($9.77). 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 50-day simple moving average of GBX 729.66 and a 200-day simple moving average of GBX 616.87.

Ashtead Technology Increases Dividend

The company 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 an increase from Ashtead Technology’s previous dividend of $1.00. This represents a dividend yield of 0.15%. Ashtead Technology’s payout ratio is 476.19%.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on shares of Ashtead Technology from GBX 700 ($8.65) to GBX 775 ($9.57) and gave the stock a “buy” rating in a report 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.