Ashtead Technology Holdings Plc (LON:AT – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 850 ($10.68) and last traded at GBX 833 ($10.46), with a volume of 238310 shares trading hands. The stock had previously closed at GBX 847 ($10.64).
Analyst Ratings Changes
Separately, Berenberg Bank raised their price objective on Ashtead Technology from GBX 700 ($8.79) to GBX 775 ($9.74) and gave the stock a “buy” rating in a report on Tuesday, April 16th.
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Ashtead Technology Price Performance
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 paid a dividend of GBX 1.10 ($0.01) per share. This is a positive change 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%.
Insider Activity at Ashtead Technology
In other news, insider Ingrid Stewart sold 82,471 shares of Ashtead Technology stock in a transaction on Thursday, April 18th. The stock was sold at an average price of GBX 743 ($9.33), for a total transaction of £612,759.53 ($769,798.40). In other news, insider Ingrid Stewart sold 82,471 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of GBX 743 ($9.33), for a total transaction of £612,759.53 ($769,798.40). Also, insider Allan Pirie sold 270,926 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of GBX 791 ($9.94), for a total value of £2,143,024.66 ($2,692,242.04). 2.96% 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.
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