Ashtead Group PLC is a British equipment rental company. Founded in 1947 and headquartered in London, it operates in the UK, Canada and the US under the name Sunbelt Rentals. The United States accounts for 85% of Ashtead Group's revenues. Its clients include construction companies, oil and gas producing companies, and government agencies.
The main growth driver for the Ashtead Group stock is consumer demand. Companies often prefer not to buy expensive equipment, but to rent it. The costs are less and there is no need for equipment maintenance. However, the company's business can be hampered by global restrictions. For example, during the 2020 COVID-19 restrictions, construction work often stopped, and there were supply difficulties that affected the AHT price.
When trading the AHT stock, it is important to study all the information that may affect the construction industry, including economic and political news. The victory of Donald Trump in the US presidential elections in 2016 allowed the AHT stock to increase in price: Trump promised to invest $1 trillion in infrastructure projects and reduce taxes for corporations. After that, the company's stock price increased even more against the background of increased revenues.
The AHT stock price depends on the financial performance of Ashtead Group. As a rule, good numbers in the financial reports lead to the AHT price increases.
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Sell | 5416 |
Buy | 5420 |
1-day change | -202(-3.60%) |
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#AHT | N/A | N/A | -202 | -3.60% |
#BAES | N/A | N/A | 80 | 6.23% |
#BARC | N/A | N/A | -9.75 | -4.11% |
#BATS | N/A | N/A | 73 | 2.64% |
#BLND | N/A | N/A | 3.8 | 0.94% |
#BRBY | N/A | N/A | -99 | -12.87% |
#BT | N/A | N/A | -1.65 | -1.17% |
#HIK | N/A | N/A | 105 | 5.55% |
#HSBA | N/A | N/A | -30.5 | -4.39% |
#III | N/A | N/A | 62 | 2.00% |
#IMB | N/A | N/A | 26 | 1.21% |
#ITRK | N/A | N/A | -81 | -1.62% |
#NWG | N/A | N/A | -21 | -5.72% |
#PSON | N/A | N/A | -9 | -0.85% |
#TSCO | N/A | N/A | 21 | 6.33% |
#UU | N/A | N/A | -7.5 | -0.73% |
#VOD | N/A | N/A | 1.86 | 2.58% |
Since 1986, Ashtead Group Plc's shares have been listed on the London Stock Exchange under the ticker "AHT".
Although almost all large corporations acquire smaller businesses to diversify their businesses and increase profits, Ashtead Group's acquisitions were really outstanding.
In 2006, the company acquired NationsRent Inc, the sixth American equipment rental firm, becoming the second-largest equipment rental corporation in the United States.
In the same year, it acquired Lux Traffic Controls Limited. As a result, Ashtead Group Plc became the largest provider of rental traffic systems in the UK. In 2017, there was a CRS acquisition. It allowed the company to double the size of its Canadian business.
AHT shares are included in several stock market indices. FTSE 100, STOXX 600, MSCI Pan Euro, and FTSE 350 are the most outstanding indies. When the company is included in a global or local stock market index, it's a sign of its stability.
Ashtead Group Plc pays dividends twice per year. The stock price isn't high but volatile. Thus, CFD trading may be a more affordable way to deal with the company's shares.
When trading stocks, you should consider the overall industrial environment. It can be evaluated by considering the company's alternatives. Ashtead Group's top rivals are Herc Rentals, Melrose, Speedy Hire, Cramo, and VP. If they perform well, Ashtead is expected to grow. However, the high competition may negatively affect the company's sales, which will lead to a fall in the stock price.
Compared to other corporations, Ashtead Group Plc is not a frequent participant in court cases. However, it has gone through some. Most cases were related to safety, environment, and employment. Although the company may win a lawsuit, it will definitely affect its financial stability and customer attitude.