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

Ashtead ( (GB:AHT) ) just unveiled an announcement.

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.

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 the North American and UK markets, catering to various sectors including construction, industrial, and infrastructure.

YTD Price Performance: -8.50%

Average Trading Volume: 1,199,606

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £19.6B

For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.