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Ashtead ( (GB:AHT) ) has shared an update.
Ashtead Group plc, a prominent player in the equipment rental industry, announced a significant transaction involving the repurchase of its own shares. On December 13, 2024, the company bought back 40,000 ordinary shares as part of its substantial $1.5 billion share repurchase program. The transaction, coordinated with Barclays Bank PLC, saw shares purchased at an average price of 5,212 pence, with the lowest and highest prices at 5,160 and 5,264 pence, respectively. This repurchase reduces the total number of ordinary shares in issue to 437,178,807, excluding treasury shares, and reflects Ashtead’s ongoing strategy to manage its equity structure, potentially influencing shareholder value and market perception.
More about Ashtead
YTD Price Performance: -2.38%
Average Trading Volume: 814,281
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £22.92B
Learn more about AHT stock on TipRanks’ Stock Analysis page.
