Insider Selling: Ashtead Technology Holdings Plc (LON:AT) Insider Sells £612,759.53 in Stock

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

Ashtead Technology Price Performance

The stock has a market capitalization of £593.23 million, a P/E ratio of 3,533.33 and a beta of 0.32. Ashtead Technology Holdings Plc has a 1-year low of GBX 310 ($3.83) and a 1-year high of GBX 791 ($9.77). The firm’s fifty day moving average price is GBX 729.66 and its 200 day moving average price is GBX 616.87. The company has a debt-to-equity ratio of 38.53, a current ratio of 1.56 and a quick ratio of 1.46.

Ashtead Technology Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of GBX 1.10 ($0.01) per share. This is a boost from Ashtead Technology’s previous dividend of $1.00. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 0.15%. Ashtead Technology’s payout ratio is 476.19%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on Ashtead Technology from GBX 700 ($8.65) to GBX 775 ($9.57) and gave the company a “buy” rating in a research 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.