Ashtead Technology (LON:AT) Trading Up 1.6%

Ashtead Technology Holdings Plc (LON:AT)’s share price was up 1.6% during mid-day trading on Friday . The stock traded as high as GBX 828 ($10.61) and last traded at GBX 828 ($10.61). Approximately 96,642 shares changed hands during trading, The stock had previously closed at GBX 815 ($10.44).

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective on shares of Ashtead Technology from GBX 700 ($8.97) to GBX 775 ($9.93) and gave the company a “buy” rating in a research report on Tuesday, April 16th.

Ashtead Technology Stock Performance

The firm’s 50-day moving average price is GBX 791.66 and its 200-day moving average price is GBX 726.79. The stock has a market cap of £670.61 million, a P/E ratio of 3,066.67 and a beta of 0.31. The company has a debt-to-equity ratio of 74.30, a current ratio of 1.33 and a quick ratio of 1.46.

Ashtead Technology Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 2nd were given a GBX 1.10 ($0.01) dividend. This represents a yield of 0.15%. The ex-dividend date was Thursday, May 2nd. This is a boost from Ashtead Technology’s previous dividend of $1.00. Ashtead Technology’s payout ratio is currently 370.37%.

Insider Buying and Selling

In related news, insider Allan Pirie sold 270,926 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of GBX 791 ($10.13), for a total value of £2,143,024.66 ($2,745,004.05). In other Ashtead Technology news, insider Allan Pirie sold 270,926 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of GBX 791 ($10.13), for a total transaction of £2,143,024.66 ($2,745,004.05). Also, 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 ($9.52), for a total transaction of £612,759.53 ($784,884.76). 3.28% of the stock is currently owned by company insiders.

About Ashtead Technology

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.