Ashtead Continues $1.5bn Buyback With New Treasury Share Purchase

Ashtead ( (GB:AHT) ) has issued an announcement.

Ashtead Group plc has continued to execute its previously announced share repurchase programme of up to $1.5bn, buying back 86,598 ordinary shares on 23 February 2026 for treasury. The shares were repurchased at an average price of 5,155.5327 pence via J.P. Morgan Securities, as the group pursues ongoing capital returns to shareholders.

Following this latest tranche, Ashtead now holds 37,301,753 shares in treasury, leaving 414,053,080 ordinary shares in issue. The updated share count will be used by investors and other market participants when assessing disclosure thresholds and calculating their notifiable holdings in the company.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £6150.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Spark’s Take on GB:AHT Stock

According to Spark, TipRanks’ AI Analyst, GB:AHT is a Outperform.

Ashtead’s strong financial performance and positive earnings call are the most significant factors contributing to the score. The technical analysis indicates a strong upward trend, although overbought conditions suggest caution. Valuation metrics show moderate pricing, with a relatively low dividend yield.

To see Spark’s full report on GB:AHT stock, click here.

More about Ashtead

Ashtead Group plc is a UK-listed equipment rental company, best known for its Sunbelt Rentals brand in North America and the UK. It supplies construction, industrial and specialty equipment to contractors and other commercial customers, giving it significant exposure to infrastructure, non-residential construction and industrial maintenance markets.

Average Trading Volume: 1,306,040

Technical Sentiment Signal: Strong Buy

Current Market Cap: £21.14B

For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.