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Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Buyback Program

Story Highlights
  • Ashtead Group operates in equipment rental industry, focusing on construction and industrial markets.
  • Ashtead repurchased 85,000 shares, affecting total shares in issue for stakeholder interest calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Buyback Program

An announcement from Ashtead ( (GB:AHT) ) is now available.

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 85,000 ordinary shares at an average price of 4,292 pence per share. This transaction impacts the total number of shares in issue, now standing at 433,203,556, which is relevant for shareholders and stakeholders monitoring changes in their interests in the company.

More about Ashtead

Ashtead Group plc operates in the equipment rental industry, providing a wide range of construction and industrial equipment for rent. The company primarily focuses on serving the construction, industrial, and homeowner markets, with a strong presence in the United States and the United Kingdom.

YTD Price Performance: -12.11%

Average Trading Volume: 1,215,710

Technical Sentiment Signal: Buy

Current Market Cap: £18.78B

See more insights into AHT stock on TipRanks’ Stock Analysis page.

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