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

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

Ashtead Group plc has announced the repurchase of 60,000 ordinary shares as part of its $1.5 billion share repurchase program. This transaction, conducted on 27th February 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 4,818 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 16,456,947 shares in Treasury, while the total number of ordinary shares in issue stands at 435,897,886. This move is expected to impact the company’s financial metrics and potentially influence shareholder decisions under the Disclosure and Transparency Rules.

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 market, offering services to various sectors including construction, industrial, and homeowner markets.

YTD Price Performance: -2.18%

Average Trading Volume: 1,117,192

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £20.98B

See more data about AHT stock on TipRanks’ Stock Analysis page.