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Ashtead Group plc (GB:AHT)
:AHT

Ashtead (AHT) AI Stock Analysis

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GB

Ashtead

(LSE:AHT)

Rating:79Outperform
Price Target:
4,761.00p
â–²(10.41%Upside)
Ashtead Group shows solid financial health with strong profitability and cash flow management. The company's strategic investments and share buyback program further bolster its market position. Despite some challenges in revenue growth and specific market segments, the overall outlook is positive.
Positive Factors
Earnings
The company posted 7% year-over-year rental revenue growth, which was broadly in line with consensus expectations.
Market Position
Ashtead is well positioned to benefit from the secular drivers around higher rental penetration in Specialties and the potential benefit from megaprojects.
Negative Factors
Revenue Growth
A recovery in the local commercial construction segment is not expected until the back half of calendar 2025, posing risks to revenue growth for FY25 and FY26.

Ashtead (AHT) vs. iShares MSCI United Kingdom ETF (EWC)

Ashtead Business Overview & Revenue Model

Company DescriptionAshtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races. It operates 967 stores in the United States, 89 stores in Canada, and 177 stores in the United Kingdom under the Sunbelt Rentals brand. The company was founded in 1947 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyAshtead makes money primarily through the rental of construction and industrial equipment. The company's revenue model is centered on generating income from renting out a wide array of equipment to businesses in construction, industrial, and other sectors. Key revenue streams include short-term and long-term equipment rentals, which provide a steady cash flow. Ashtead's significant presence in the United States through Sunbelt Rentals, which is one of the largest equipment rental companies in North America, contributes substantially to its earnings. Additionally, Ashtead benefits from economies of scale and strategic partnerships with equipment manufacturers, which enable it to offer a broad inventory at competitive prices. These factors, alongside a focus on customer service and expanding market presence, are crucial to Ashtead's financial success.

Ashtead Earnings Call Summary

Earnings Call Date:Mar 04, 2025
(Q3-2025)
|
% Change Since: -10.15%|
Next Earnings Date:Jun 17, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with strong financial metrics and growth in specialty and mega projects, offset by challenges in local construction and flat total revenue. The company's strategic investments and safety performance were notable positives, but certain segments like used equipment sales and the film and TV sector posed challenges.
Q3-2025 Updates
Positive Updates
Record Safety Performance
Achieved record safety metrics with a total recordable incident rate of 0.65 and a lost time rate of 0.11.
Strong Financial Metrics
Group EBITDA grew by 3% to $3.9 billion, with record EBITDA margins of 47% at the group level and 49% in the U.S.
Expansion and Investment
Expanded North American footprint by 54 locations and initiated a $1.5 billion share buyback program.
Specialty Business Growth
Specialty business grew by 14% in the period, highlighting strong performance outside general tool rental.
Positive Mega Project Momentum
The company is seeing ongoing strength in mega projects and non-construction markets, providing a strong pipeline for future growth.
Negative Updates
Flat Total Revenue
Total revenue remained flat year-on-year due to lower used equipment sales.
Decreased Pre-tax Profit
Adjusted pre-tax profit was 5% lower than last year, affected by higher interest expenses and lower equipment sales.
Challenges in Local Nonresidential Construction
Faced ongoing weakness in the local commercial construction market, impacting general tool rental revenue.
Softness in Film and TV Segment
Canadian film and TV business experienced softness, leading to a weaker outlook in that segment.
Company Guidance
In the call regarding Ashtead Group's Q3 results for Fiscal Year 2025, several key metrics were highlighted. The company reported a 5% increase in group rental revenues, with U.S. rental revenues up by 4%. Despite flat total revenues year-on-year due to lower used equipment sales, group EBITDA grew by 3% to $3.9 billion, and PBT was $1.7 billion, with an EPS of $2.91. EBITDA margins reached 47% at the group level and 49% in the U.S. Ashtead invested $2.1 billion in CapEx, expanding their North American footprint by 54 locations. They maintained a net debt to EBITDA ratio of 1.7x, well within their long-term range. The company also achieved a record total recordable incident rate of 0.65 and a lost time rate of 0.11, showcasing their commitment to safety. Guidance for the full year remains in line with previous expectations.

Ashtead Financial Statement Overview

Summary
Ashtead Group exhibits strong financial health with robust profitability, efficient cash flow management, and a stable balance sheet. The company boasts impressive growth in revenue and free cash flow, although a high debt level warrants caution.
Income Statement
85
Very Positive
The income statement reveals strong profitability with a high gross profit margin of 88.34% and a notable net profit margin of 13.99% for TTM (Trailing-Twelve-Months). EBIT and EBITDA margins are healthy at 23.84% and 45.91%, respectively. Revenue growth is robust, with a TTM revenue increase of 12.77% compared to the previous year. However, the slight decline in net income from the previous period indicates potential challenges in cost management.
Balance Sheet
78
Positive
The balance sheet is stable with a moderate debt-to-equity ratio of 1.39, indicating manageable leverage. The company has a strong equity base with an equity ratio of 34.92%. Return on Equity (ROE) is strong at 19.89%, suggesting efficient use of equity for generating profits. However, the high absolute level of debt remains a potential risk in fluctuating economic conditions.
Cash Flow
88
Very Positive
Cash flow analysis shows strong operational efficiency with an operating cash flow to net income ratio of 1.34. Free cash flow has grown significantly with a growth rate of 782.25% from the previous year, providing ample liquidity for investment and debt servicing. The free cash flow to net income ratio is also healthy at 0.98, indicating robust cash generation aligned with profitability.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
10.89B10.86B9.67B7.96B5.04B5.04B
Gross Profit
9.62B9.65B8.56B7.02B4.47B4.50B
EBIT
2.60B2.65B2.52B1.95B1.14B1.22B
EBITDA
5.00B4.89B4.41B2.62B2.29B2.59B
Net Income Common Stockholders
1.52B1.60B1.62B1.25B661.36M737.87M
Balance SheetCash, Cash Equivalents and Short-Term Investments
25.80M20.80M29.90M15.30M19.25M240.80M
Total Assets
21.93B21.65B18.73B15.29B9.30B10.51B
Total Debt
10.63B10.68B8.99B7.18B4.22B5.59B
Net Debt
10.61B10.65B8.96B7.16B4.20B5.35B
Total Liabilities
14.27B14.57B12.72B10.26B6.02B7.54B
Stockholders Equity
7.66B7.11B6.01B5.03B3.28B2.96B
Cash FlowFree Cash Flow
1.49B169.00M490.10M1.10B1.37B778.17M
Operating Cash Flow
2.04B854.60M1.00B1.50B1.48B985.85M
Investing Cash Flow
-588.50M-1.53B-1.59B-1.69B-234.12M-647.69M
Financing Cash Flow
-1.44B663.20M609.30M181.50M-1.46B-110.82M

Ashtead Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4312.00
Price Trends
50DMA
4134.56
Positive
100DMA
4503.39
Negative
200DMA
5056.37
Negative
Market Momentum
MACD
31.09
Positive
RSI
54.19
Neutral
STOCH
57.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AHT, the sentiment is Positive. The current price of 4312 is below the 20-day moving average (MA) of 4315.90, above the 50-day MA of 4134.56, and below the 200-day MA of 5056.37, indicating a neutral trend. The MACD of 31.09 indicates Positive momentum. The RSI at 54.19 is Neutral, neither overbought nor oversold. The STOCH value of 57.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AHT.

Ashtead Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBAHT
79
Outperform
£17.45B15.6820.60%2.26%-0.25%-8.04%
GBZIG
75
Outperform
£787.98M8.449.09%7.44%7.08%-28.02%
66
Neutral
$4.51B12.295.40%248.53%4.14%-12.41%
GBSDY
64
Neutral
£115.52M―-1.79%10.36%-4.08%29.90%
GBVP
56
Neutral
£239.14M―-3.24%6.43%-1.52%-122.68%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:AHT
Ashtead
4,312.00
-1,224.38
-22.12%
GB:ZIG
Redde Northgate
355.50
-35.47
-9.07%
GB:SDY
Speedy Hire
24.70
-2.16
-8.04%
GB:VP
Vp
580.00
-78.44
-11.91%

Ashtead Corporate Events

Stock BuybackBusiness Operations and Strategy
Ashtead Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Jun 3, 2025

Ashtead Group plc has executed a share repurchase transaction, buying back 89,100 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, conducted on June 3, 2025, reflects the company’s strategic financial management and may impact shareholder calculations under the Disclosure and Transparency Rules, as it adjusts the number of shares in circulation.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Jun 2, 2025

Ashtead Group plc has repurchased 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program announced in December 2024. This transaction, executed on June 2, 2025, at an average price of 4,233 pence per share, reduces the number of shares in circulation, potentially impacting shareholder value and market perceptions. The company now holds 21,832,413 shares in Treasury, with 429,522,420 shares remaining in issue, which may influence shareholder notification obligations under regulatory rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
May 30, 2025

Ashtead Group plc announced the repurchase of 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on May 30, 2025, reflects the company’s ongoing efforts to manage its capital structure and return value to shareholders. Following the repurchase, the company holds 21,747,413 shares in Treasury, with 429,607,420 ordinary shares remaining in issue. This move is significant for stakeholders as it may influence share value and investor interest in the company.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase to Optimize Capital Structure
Positive
May 29, 2025

Ashtead Group plc has executed a share repurchase transaction, acquiring 85,000 of its ordinary shares at an average price of 4,344 pence per share as part of its $1.5 billion share buyback program. This transaction, facilitated by Barclays Bank PLC, reduces the number of ordinary shares in issue to 429,692,420, excluding treasury shares, and positions Ashtead to potentially enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Ashtead Group Advances $1.5bn Share Buyback Program
Neutral
May 28, 2025

Ashtead Group plc, a company involved in a share repurchase program, announced the repurchase of 85,000 of its ordinary shares on May 28, 2025. This transaction is part of their $1.5 billion share buyback initiative, initially announced in December 2024. The shares were bought at an average price of 4,342 pence, with Barclays Bank PLC acting as the broker. Following this purchase, Ashtead holds 21,577,413 ordinary shares in Treasury, with 429,777,420 shares remaining in issue. This transaction impacts shareholders’ notification obligations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Repurchases 87,000 Shares as Part of $1.5 Billion Buyback Program
Neutral
May 27, 2025

Ashtead Group plc, a company involved in a share repurchase program, announced the repurchase of 87,000 ordinary shares at an average price of 4,338 pence per share on May 27, 2025. This transaction is part of their up to $1.5 billion share repurchase initiative, which was announced in December 2024. Following this transaction, the company holds 21,492,413 shares in Treasury, with 429,862,420 shares remaining in issue. This move is significant for stakeholders as it impacts the number of shares available for trading and could influence shareholder calculations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Positive
May 23, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, purchasing 87,000 ordinary shares at an average price of 4,247 pence per share. This transaction reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Positive
May 22, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion share buyback program, acquiring 85,000 ordinary shares at an average price of 4,246 pence per share. This move reduces the number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
May 21, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion share buyback program, acquiring 84,444 ordinary shares at an average price of 4,318 pence per share. This transaction, conducted on May 21, 2025, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value, with Barclays Bank PLC acting as the broker.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Enhances Shareholder Value with Share Repurchase
Positive
May 20, 2025

Ashtead Group plc announced the repurchase of 85,000 ordinary shares as part of its $1.5 billion share repurchase program, with the transaction executed on May 20, 2025. This move is part of Ashtead’s strategy to manage its capital structure and enhance shareholder value, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Announces Share Repurchase as Part of $1.5 Billion Program
Positive
May 19, 2025

Ashtead Group plc announced the repurchase of 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, conducted on May 19, 2025, reflects the company’s ongoing efforts to manage its capital structure and return value to shareholders. The repurchase was executed at an average price of 4,307 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 21,063,969 shares in Treasury, and the total number of shares in issue stands at 430,290,864. This move is part of Ashtead’s strategy to strengthen its market position and enhance shareholder value.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Advances Share Repurchase Program
Positive
May 16, 2025

Ashtead Group plc has repurchased 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on May 16, 2025, at an average price of 4,371 pence per share, is part of Ashtead’s strategy to manage its capital structure and enhance shareholder value. The repurchase reduces the number of ordinary shares in issue to 430,375,864, excluding those held in Treasury, and may impact shareholder calculations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Continues Share Repurchase Program
Neutral
May 14, 2025

Ashtead Group plc, a company engaged in a share repurchase program, announced the repurchase of 83,100 of its ordinary shares on May 14, 2025. This transaction is part of its ongoing $1.5 billion share repurchase initiative. The shares were bought at an average price of 4,393 pence each, with the lowest and highest prices being 4,332 pence and 4,406 pence, respectively. Following this transaction, Ashtead holds 20,808,969 shares in Treasury, and the total number of ordinary shares in issue is now 430,545,864. This adjustment in shareholding is significant for shareholders and others with notification obligations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Advances Share Repurchase Program
Neutral
May 13, 2025

Ashtead Group plc, a company engaged in a share repurchase program, announced the purchase of 2,050 of its ordinary shares on May 13, 2025. This transaction is part of its ongoing $1.5 billion share repurchase initiative. The shares were bought at an average price of 4,310 pence each, with Barclays Bank PLC acting as the broker. Following this purchase, the total number of ordinary shares in issue is 430,628,964, excluding those held in Treasury. This move is likely to impact shareholder calculations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Delistings and Listing ChangesBusiness Operations and Strategy
Ashtead Group Proposes Restructuring for U.S. Listing
Positive
May 13, 2025

Ashtead Group plc has announced the publication of a circular detailing a proposed restructuring to establish Sunbelt Rentals as the new holding company, in line with its plans for a primary listing in the United States. This move is expected to enhance Ashtead’s market positioning by aligning its corporate structure with its significant U.S. operations, potentially impacting stakeholders by streamlining operations and increasing its appeal to American investors.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Ashtead Group Strengthens Board with New Appointments
Positive
May 13, 2025

Ashtead Group plc, a leading equipment rental company, has announced the appointment of Nando Cesarone and Jamie Singleton as non-executive directors, effective from August 1, 2025. This strategic move is aimed at enhancing the board’s expertise as the company pursues its Sunbelt 4.0 initiative. The appointments are expected to strengthen Ashtead’s operations and industry positioning, reflecting the company’s commitment to growth and innovation.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Programme
Positive
May 12, 2025

Ashtead Group plc has repurchased 61,762 of its ordinary shares as part of its $1.5 billion share repurchase programme, which was announced in December 2024. The transaction, executed on May 12, 2025, involved shares priced between 4,223 and 4,269 pence. This buyback reduces the number of shares in circulation, potentially increasing shareholder value and signaling confidence in the company’s financial health.

The most recent analyst rating on (GB:AHT) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
May 9, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 91,300 ordinary shares at an average price of 4,108 pence per share. This transaction, conducted through Barclays Bank PLC, leaves the company with 430,692,776 ordinary shares in issue, excluding treasury shares, and 20,662,057 shares held in treasury, impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Buyback
Positive
May 8, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program. On May 8, 2025, the company repurchased 91,300 ordinary shares at an average price of 4,104 pence per share. This transaction affects the total number of shares in issue, which now stands at 430,784,076, excluding treasury shares. The repurchase is part of Ashtead’s strategy to manage its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Programme
Neutral
May 7, 2025

Ashtead Group plc has repurchased 91,300 of its ordinary shares as part of its $1.5 billion share repurchase programme, with the transaction occurring on 7th May 2025. This move is part of Ashtead’s strategy to manage its capital structure and return value to shareholders, potentially impacting its shareholding structure and market positioning.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
May 6, 2025

Ashtead Group plc announced the repurchase of 91,300 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on May 6, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase affects the total number of shares in issue, which now stands at 430,966,676, excluding treasury shares, potentially impacting shareholder calculations under regulatory disclosure requirements.

Stock Buyback
Ashtead Group Advances Share Repurchase Program
Positive
May 2, 2025

Ashtead Group plc announced the repurchase of 91,300 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on May 2, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase was conducted at an average price of 4,070 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 20,296,857 shares in Treasury, and the total number of shares in issue stands at 431,057,976. This move is significant for stakeholders as it impacts the calculation of shareholding interests under the Disclosure and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Enhances Shareholder Value with Share Repurchase
Positive
May 1, 2025

Ashtead Group plc announced the repurchase of 93,600 ordinary shares as part of its $1.5 billion share repurchase program, with the transaction occurring on May 1, 2025. This move is part of Ashtead’s ongoing strategy to manage its capital structure and return value to shareholders, potentially impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Executes Share Buyback
Neutral
Apr 30, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion share buyback program. On April 30, 2025, the company bought back 93,600 ordinary shares at an average price of 4,001 pence per share. This move reduces the number of ordinary shares in issue to 431,242,876, potentially impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Advances Share Buyback Program
Neutral
Apr 29, 2025

Ashtead Group plc, a company involved in a share repurchase program, announced the purchase of 91,300 of its ordinary shares on April 29, 2025, as part of its $1.5 billion buyback initiative. The shares were acquired at an average price of 4,041 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 20,018,357 shares in Treasury, with 431,336,476 ordinary shares remaining in issue. This transaction is part of Ashtead’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Apr 28, 2025

Ashtead Group plc announced the repurchase of 89,100 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on April 28, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase was conducted at an average price of 4,114 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead’s total number of ordinary shares in issue stands at 431,427,776, excluding treasury shares. This move may influence shareholder calculations under the Disclosure and Transparency Rules, impacting stakeholders’ interests in the company.

Stock Buyback
Ashtead Group Advances Share Buyback Programme
Positive
Apr 25, 2025

Ashtead Group plc, a company engaged in a share repurchase programme, has announced the repurchase of 89,100 of its ordinary shares at an average price of 4,122 pence per share. This transaction is part of its $1.5 billion share buyback initiative, which aims to optimize its capital structure and return value to shareholders. The repurchase reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Advances Share Buyback Program with Latest Repurchase
Positive
Apr 24, 2025

Ashtead Group plc announced the repurchase of 93,591 ordinary shares as part of its $1.5 billion share buyback program. This transaction, executed on April 24, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase impacts the total number of shares in circulation, which now stands at 431,605,976, excluding treasury shares. This move may influence shareholder calculations and obligations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Positive
Apr 23, 2025

Ashtead Group plc has executed a share repurchase transaction, buying back 96,000 ordinary shares as part of its $1.5 billion share repurchase program. This move is intended to optimize the company’s capital structure and potentially enhance shareholder value, with the remaining ordinary shares in issue now totaling 431,699,567.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Advances Share Repurchase Program
Positive
Apr 22, 2025

Ashtead Group plc has repurchased 93,600 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on April 22, 2025, at an average price of 3,885 pence per share, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this purchase, the company holds 19,559,266 ordinary shares in Treasury, with 431,795,567 shares remaining in circulation. This move may impact shareholder calculations under the Disclosure and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Positive
Apr 17, 2025

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.

Stock Buyback
Ashtead Executes Share Buyback Under $1.5 Billion Program
Neutral
Apr 16, 2025

Ashtead Group plc has executed a share repurchase transaction, buying back 93,134 of its ordinary shares at an average price of 3,898 pence per share as part of its $1.5 billion share repurchase program. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests by altering the denominator used for disclosure and transparency calculations.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
Apr 15, 2025

Ashtead Group plc has repurchased 93,600 of its ordinary shares as part of its $1.5 billion share repurchase program, with the transaction executed on April 15, 2025. This move reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder calculations under the Disclosure and Transparency Rules.

Executive/Board Changes
Ashtead Announces Board Changes Amid Leadership Transition
Neutral
Apr 15, 2025

Ashtead Group plc, a prominent player in the equipment rental industry, has announced significant changes in its board of directors. Lucinda Riches and Tanya Fratto, who have served on the board since 2016, will step down at the next Annual General Meeting in September 2025 after nine years of service. The company has initiated a search for their successors, highlighting its commitment to maintaining strong leadership and governance. This transition marks a pivotal moment for Ashtead as it seeks to bring in fresh perspectives to its board, potentially impacting its strategic direction and stakeholder relations.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Enhances Capital Structure with Share Buyback
Neutral
Apr 14, 2025

Ashtead Group plc announced the repurchase of 95,855 of its ordinary shares as part of its $1.5 billion share repurchase program. The transaction, executed on April 14, 2025, involved an average purchase price of 3,923 pence per share. This move is part of Ashtead’s strategy to manage its capital structure effectively and could impact the company’s share value and stakeholder interests by reducing the number of shares available in the market.

Business Operations and StrategyRegulatory Filings and Compliance
Dodge & Cox Increases Stake in Ashtead Group plc
Neutral
Apr 14, 2025

Ashtead Group plc announced a change in its major holdings, with Dodge & Cox increasing its voting rights in the company to 11.03% from a previous 10%. This acquisition of voting rights signifies a strengthened position for Dodge & Cox within Ashtead, potentially impacting the company’s governance and strategic decisions.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Announces Share Repurchase as Part of $1.5 Billion Program
Positive
Apr 11, 2025

Ashtead Group plc has announced the repurchase of 96,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on April 11, 2025, reflects the company’s ongoing strategy to manage its capital structure and enhance shareholder value. Following this purchase, the total number of ordinary shares in issue stands at 432,265,356, excluding treasury shares, which stakeholders can use for notification obligations under the Disclosure and Transparency Rules.

Regulatory Filings and Compliance
Ashtead Group Announces Director Share Purchase
Neutral
Apr 11, 2025

Ashtead Group plc announced a transaction involving the purchase of ordinary shares by Renata Ribeiro, a non-executive director. The transaction involved the purchase of 150,000 shares at a price of £39.32 each, totaling £5,897.41. This notification is part of the company’s compliance with the Market Abuse Regulation.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Positive
Apr 9, 2025

Ashtead Group plc has executed a share repurchase transaction, acquiring 96,000 of its ordinary shares as part of a $1.5 billion buyback program. This move, involving an average share price of 3,774 pence, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.

Stock Buyback
Ashtead Group Advances Share Repurchase Program
Neutral
Apr 8, 2025

Ashtead Group plc, a company engaged in a share repurchase program, announced the purchase of 101,300 of its ordinary shares on April 8, 2025. This transaction is part of a larger $1.5 billion share repurchase initiative announced in December 2024. The shares were bought at an average price of 3,814 pence each, with the lowest and highest prices being 3,710 pence and 3,895 pence respectively. Following this purchase, the total number of ordinary shares in issue stands at 432,555,856, excluding treasury shares. This move is likely to impact shareholder calculations under the Disclosure and Transparency Rules, as the number of shares held in treasury is now 18,798,977.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
Apr 7, 2025

Ashtead Group plc has executed a share repurchase transaction, acquiring 98,500 of its ordinary shares at an average price of 3,620 pence per share as part of its $1.5 billion share buyback program. This transaction, conducted on April 7, 2025, reduces the number of ordinary shares in issue to 432,657,156, excluding treasury shares, which may impact stakeholders’ calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Continues Share Buyback Program
Neutral
Apr 4, 2025

Ashtead Group plc, a company involved in a $1.5 billion share repurchase program, announced the repurchase of 93,600 ordinary shares at an average price of 3,778 pence per share on April 4, 2025. This transaction reduces the number of ordinary shares in issue to 432,755,656, excluding treasury shares, and is part of the company’s ongoing efforts to manage its capital structure effectively.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Neutral
Apr 3, 2025

Ashtead Group plc has executed a share repurchase transaction, buying back 89,100 of its ordinary shares as part of its $1.5 billion share repurchase program. This move, involving an average share price of 3,940 pence, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company holds 18,505,577 shares in treasury, with 432,849,256 ordinary shares remaining in issue, a figure significant for stakeholders monitoring ownership changes under regulatory obligations.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Continues Share Buyback Program
Positive
Apr 2, 2025

Ashtead Group plc has repurchased 89,100 of its ordinary shares as part of its $1.5 billion share repurchase program. The transaction took place on April 2, 2025, with shares bought at an average price of 4,128 pence. Following this transaction, the company holds 18,416,477 shares in Treasury, with 432,938,356 ordinary shares remaining in issue. This move is part of Ashtead’s strategy to manage its capital structure and return value to shareholders.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Positive
Apr 1, 2025

Ashtead Group plc announced the repurchase of 89,100 ordinary shares as part of its $1.5 billion share repurchase program, with the transaction executed on April 1, 2025. This move is part of Ashtead’s strategy to manage its capital structure and enhance shareholder value, with the remaining number of ordinary shares in issue now standing at 433,027,456. The repurchase reflects the company’s ongoing commitment to returning value to shareholders and maintaining a strong market position.

Stock Buyback
Ashtead Group Advances Share Repurchase Program with Latest Buyback
Positive
Mar 31, 2025

Ashtead Group plc announced the repurchase of 87,000 ordinary shares as part of its $1.5 billion share repurchase program. This transaction, completed on March 31, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase was executed at an average price of 4,142 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 18,238,277 shares in Treasury, with 433,116,556 shares remaining in issue. This move may impact shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Buyback Program
Neutral
Mar 28, 2025

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.

Stock Buyback
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Mar 27, 2025

Ashtead Group plc announced the repurchase of 85,000 ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on March 27, 2025, involved an average share price of 4,336 pence, with the shares being held in Treasury. The repurchase reduces the number of ordinary shares in issue to 433,288,556, excluding Treasury shares, which may impact shareholder calculations under the Disclosure and Transparency Rules.

Business Operations and Strategy
Dodge & Cox Increases Stake in Ashtead Group to 10%
Neutral
Mar 26, 2025

Ashtead Group plc has announced a significant change in its shareholder structure, with Dodge & Cox, a San Francisco-based investment management firm, increasing its stake in the company. The acquisition of voting rights by Dodge & Cox now totals 10%, up from a previous 5.18%, indicating a substantial increase in their influence within the company. This change in holdings could impact Ashtead’s strategic decisions and market positioning, as major shareholders often have a say in corporate governance and future direction.

Stock Buyback
Ashtead Group plc Executes Share Repurchase
Positive
Mar 25, 2025

Ashtead Group plc has repurchased 83,100 of its ordinary shares as part of its $1.5 billion share repurchase programme, with the average price per share being 4,431 pence. This transaction reduces the number of ordinary shares in issue to 433,456,656, excluding Treasury shares, and reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value.

Stock Buyback
Ashtead Executes Share Buyback as Part of $1.5 Billion Programme
Neutral
Mar 21, 2025

Ashtead Group plc has executed a share repurchase transaction, buying back 85,000 of its ordinary shares at an average price of 4,341 pence per share as part of its $1.5 billion share repurchase programme. This transaction impacts the company’s share structure, leaving 433,624,756 ordinary shares in issue (excluding treasury shares), which stakeholders can use for notification obligations under regulatory rules.

Executive/Board Changes
Ashtead Announces Director’s New Role at Kingfisher
Neutral
Mar 21, 2025

Ashtead Group plc has announced that Lucinda Riches, currently serving as a non-executive director and Remuneration Committee chair, will take on the role of senior independent director at Kingfisher plc starting 23 June 2025. This appointment highlights the recognition of Riches’ expertise and may influence Ashtead’s strategic positioning by strengthening its leadership ties with another prominent company.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Positive
Mar 20, 2025

Ashtead Group plc announced the repurchase of 84,627 of its ordinary shares as part of its $1.5 billion share repurchase program. The transaction, executed on March 20, 2025, involved shares purchased at an average price of 4,391 pence, with Barclays Bank PLC acting as the broker. This buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial position. The transaction impacts stakeholders by altering the shareholding structure and may influence market perceptions of the company’s stock.

Stock BuybackBusiness Operations and Strategy
Ashtead Group plc Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Mar 19, 2025

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.

Stock Buyback
Ashtead Group Enhances Shareholder Value with Share Repurchase
Positive
Mar 18, 2025

Ashtead Group plc announced the repurchase of 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on March 18, 2025, is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase reduces the number of shares in circulation, potentially impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase as Part of $1.5 Billion Program
Neutral
Mar 17, 2025

Ashtead Group plc has repurchased 85,000 of its ordinary shares as part of its $1.5 billion share repurchase program, announced in December 2024. This transaction, executed on March 17, 2025, with Barclays Bank PLC as the broker, reflects the company’s strategic financial management and may impact shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Continues Share Repurchase Program
Neutral
Mar 14, 2025

Ashtead Group plc, a company involved in a share repurchase program, announced the purchase of 87,000 of its ordinary shares on 14th March 2025. This transaction is part of its $1.5 billion share repurchase initiative, with Barclays Bank PLC acting as the broker. The average price paid per share was 4,320 pence. Following this transaction, Ashtead’s total number of ordinary shares in issue, excluding treasury shares, stands at 434,049,383. This figure is relevant for shareholders and others with notification obligations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Advances Share Repurchase Program
Neutral
Mar 12, 2025

Ashtead Group plc, a company involved in a share repurchase program, announced the repurchase of 85,000 of its ordinary shares on March 12, 2025, as part of its $1.5 billion share buyback initiative. The shares were bought at an average price of 4,323 pence per share, with the lowest and highest prices being 4,283 pence and 4,379 pence, respectively. Following this transaction, the total number of ordinary shares in issue stands at 434,221,383, excluding treasury shares. This transaction is part of Ashtead’s ongoing efforts to manage its capital structure and could impact shareholder calculations under the Disclosure and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Advances Share Buyback with Latest Repurchase
Positive
Mar 11, 2025

Ashtead Group plc has repurchased 85,000 of its ordinary shares as part of its $1.5 billion share buyback program. This transaction, executed on March 11, 2025, at an average price of 4,343 pence per share, is part of the company’s strategy to manage its capital structure and return value to shareholders. The repurchase reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder calculations under the Disclosure and Transparency Rules.

Stock Buyback
Ashtead Group Executes Share Buyback as Part of $1.5 Billion Program
Positive
Mar 10, 2025

Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, acquiring 81,300 of its ordinary shares at an average price of 4,392 pence per share. This transaction reduces the number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial position and future prospects.

Stock BuybackBusiness Operations and Strategy
Ashtead Group Executes Share Repurchase as Part of $1.5bn Program
Neutral
Mar 4, 2025

Ashtead Group plc announced the repurchase of 60,000 of its ordinary shares as part of its $1.5 billion share repurchase program. This transaction, executed on March 4, 2025, involved shares priced between 4,385 and 4,692 pence, with Barclays Bank PLC acting as the broker. Following this transaction, the company holds 16,636,947 shares in Treasury, with 434,717,886 ordinary shares remaining in issue. This move is part of Ashtead’s strategy to manage its capital structure and potentially enhance shareholder value.

Business Operations and StrategyFinancial Disclosures
Ashtead Group Reports Growth in Rental Revenue Amid Strategic Expansion
Neutral
Mar 4, 2025

Ashtead Group PLC reported its unaudited results for the nine months ending January 31, 2025, highlighting a 5% increase in group rental revenue and a 3% rise in adjusted EBITDA. Despite a decline in operating profit and adjusted profit before taxation due to lower used equipment sales and higher depreciation and interest costs, the company remains optimistic about future growth. The strategic investments under the Sunbelt 4.0 plan, including $2.1 billion in capital and expansion into 54 new locations in North America, position Ashtead to capitalize on structural growth opportunities and enhance shareholder returns.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.