ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Hits New 1-Year High at $149.09

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $149.09 and last traded at $147.63, with a volume of 62435 shares. The stock had previously closed at $147.39.

Several analysts have commented on the stock. ValuEngine raised shares of ASHTEAD GRP PLC/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Berenberg Bank reissued a “sell” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Monday. Morgan Stanley reissued an “equal weight” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Thursday, August 27th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Wednesday. Finally, Zacks Investment Research raised shares of ASHTEAD GRP PLC/ADR from a “sell” rating to a “hold” rating in a research report on Friday, September 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. ASHTEAD GRP PLC/ADR currently has a consensus rating of “Hold”.

The stock has a market capitalization of $17.23 billion, a PE ratio of 21.18 and a beta of 1.82. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average is $140.20 and its 200 day moving average is $119.13.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $1.72 EPS for the quarter. The firm had revenue of $1.49 billion during the quarter. ASHTEAD GRP PLC/ADR had a net margin of 13.37% and a return on equity of 24.28%. Sell-side analysts forecast that ASHTEAD GRP PLC/ADR will post 6.32 EPS for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 14th will be given a dividend of $1.69 per share. The ex-dividend date is Thursday, August 13th. This is a positive change from ASHTEAD GRP PLC/ADR’s previous Semi-Annual dividend of $0.33. ASHTEAD GRP PLC/ADR’s dividend payout ratio (DPR) is currently 37.71%.

About ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY)

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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