Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Up 120.0% in September

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the August 31st total of 500 shares. Based on an average trading volume of 39,800 shares, the days-to-cover ratio is presently 0.0 days.

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Analysts Set New Price Targets

Several equities analysts recently commented on ASHTY shares. Berenberg Bank upgraded Ashtead Group to a "strong-buy" rating in a research note on Thursday, September 19th. Barclays upgraded Ashtead Group to a "strong-buy" rating in a report on Thursday, August 1st.

View Our Latest Stock Report on Ashtead Group

Ashtead Group Trading Up 2.2 %

Ashtead Group stock traded up $6.60 during trading on Thursday, reaching $311.00. The company had a trading volume of 22,157 shares, compared to its average volume of 13,193. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.73 and a beta of 1.63. Ashtead Group has a 12-month low of $221.86 and a 12-month high of $316.06. The stock's 50 day moving average price is $281.07 and its two-hundred day moving average price is $284.06.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.85 by $0.03. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.74 billion. As a group, equities analysts expect that Ashtead Group will post 15.61 earnings per share for the current fiscal year.

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Ashtead Group Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 9th were issued a dividend of $3.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Ashtead Group's previous dividend of $0.58. Ashtead Group's payout ratio is presently 47.81%.

About Ashtead Group

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Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.

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