ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) from a sell rating to a hold rating in a report issued on Tuesday, reports.

According to Zacks, “Ashtead Group Plc is an equipment company which provides rental solutions primarily in United States and United Kingdom. The company’s operating segments consists of Sunbelt Rentals and A-Plant. Sunbelt Rentals provides pump and power, climate control and scaffolding services. A-Plant business operates through Eve Trakway Limited, which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services and FLG services. Ashtead Group Plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine lowered shares of ASHTEAD GRP PLC/ADR from a sell rating to a strong sell rating in a research note on Saturday, October 19th.

Shares of ASHTEAD GRP PLC/ADR stock opened at $141.32 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.22 and a quick ratio of 1.12. The company has a 50-day moving average of $131.97 and a 200 day moving average of $119.22. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 15.61 and a beta of 1.80. ASHTEAD GRP PLC/ADR has a 1 year low of $93.25 and a 1 year high of $142.06.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $2.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.14 by ($0.16). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.80 billion. ASHTEAD GRP PLC/ADR had a return on equity of 29.07% and a net margin of 25.48%. On average, equities analysts anticipate that ASHTEAD GRP PLC/ADR will post 9.99 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.325 per share. This is a positive change from ASHTEAD GRP PLC/ADR’s previous Semi-Annual dividend of $0.29. The ex-dividend date is Thursday, January 16th. ASHTEAD GRP PLC/ADR’s dividend payout ratio (DPR) is currently 7.18%.


Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

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