An update from Ashtead ( (GB:AHT) ) is now available.
Ashtead Group plc announced the repurchase of 85,000 ordinary shares as part of its $1.5 billion share repurchase program. This transaction, conducted on March 19, 2025, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The repurchase was executed at an average price of 4,355 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 17,560,450 shares in Treasury, and the total number of ordinary shares in issue stands at 433,794,383. This move may impact shareholder calculations under the Disclosure and Transparency Rules.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of rental solutions primarily in the United States and the United Kingdom. The company focuses on offering construction, industrial, and general equipment to a diverse customer base, positioning itself as a key player in the equipment rental market.
YTD Price Performance: -11.38%
Average Trading Volume: 1,131,255
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £18.96B
See more insights into AHT stock on TipRanks’ Stock Analysis page.