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

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

Ashtead Group plc announced the repurchase of 93,600 of its ordinary shares as part of a $1.5 billion share repurchase program. This transaction, executed on April 17, 2025, involved an average purchase price of 3,918 pence per share, with Barclays Bank PLC acting as the broker. Following this buyback, Ashtead holds 19,465,666 shares in Treasury, while the total number of ordinary shares in issue stands at 431,889,167. This move is part of the company’s broader strategy to manage its capital structure and potentially enhance shareholder value.

Spark’s Take on GB:AHT Stock

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

Ashtead is in a strong financial position, underpinned by robust revenue growth and efficient cash flow management. The attractive valuation and strategic initiatives, such as the share buyback program, provide additional support for the stock. Despite these strengths, bearish technical indicators and high debt levels warrant cautious optimism.

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

More about Ashtead

Ashtead Group plc operates in the equipment rental industry, providing a range of rental services and equipment solutions primarily to the construction, industrial, and general tool markets. The company focuses on delivering high-quality equipment and services to a diverse customer base across various sectors.

YTD Price Performance: -20.19%

Average Trading Volume: 1,239,483

Technical Sentiment Signal: Buy

Current Market Cap: £17.02B

For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.