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An update from Ashtead ( (GB:AHT) ) is now available.
Ashtead Group plc has executed a share repurchase transaction as part of its $1.5 billion buyback program, purchasing 40,000 ordinary shares for treasury at an average price of 5,467 pence each. This transaction, carried out on January 23, 2025, reflects the company’s strategic move to manage its capital structure and potentially enhance shareholder value. Following this repurchase, the total ordinary shares in issue are 436,076,991, excluding treasury shares, which are now 15,277,842. The repurchase could impact shareholder calculations under the Disclosure and Transparency Rules, influencing how stakeholders report changes in their interests.
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 mainly focuses on the North American and UK markets, offering services to a diverse set of sectors including construction, industrial, and homeowner markets.
YTD Price Performance: 10.74%
Average Trading Volume: 1,028,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.81B
For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.
