Ashtead Group plc (ASHTY)
Ashtead Group plc operates in the Rental & Leasing Services industry of the Industrials sector, headquartered in London, GB. The stock last traded at $71.80, down 2.55% on the session, giving a market capitalisation of $30.90B. On trailing twelve-month figures it carries a trailing P/E of 8.89, a net margin of 13.4%. Its beta of 1.18 implies it has historically moved more than the broad market.
Ashtead Group plc, also known by its symbol ASHTY, operates as a prominent equipment rental company, supplying gear for various construction, industrial, and general-use requirements across the United States, the United Kingdom, and Canada. Their extensive inventory encompasses specialized equipment such as pumps, power generators, climate control systems (heating and cooling), scaffolding, traffic management solutions, temporary ground protection, trench shoring, and lifting apparatus. The company caters to a diverse range of clients and applications. These include: Facilities management and public sector entities: servicing office and apartment complexes, governmental bodies, hospitals, data centers, parks, educational institutions, shopping centers, as well as handling pavement repairs and golf course maintenance. Construction projects: supporting the development of airports, highways, bridges, various commercial and residential buildings, manufacturing facilities, and green energy plants. Emergency response efforts: providing crucial resources for natural disasters like fires, hurricanes, floods, tornadoes, winter storms, and health-related emergencies, including setting up alternative care facilities, distribution points, and mobile testing sites. Entertainment and special events: supplying equipment for national celebrations, concerts, sporting events, film and television productions, theme parks, festivals, farmers' markets, local races, and more. Operating primarily under its Sunbelt Rentals brand, Ashtead maintains a significant global footprint with 967 branches in the United States, 89 in Canada, and 177 spread across the United Kingdom. Established in 1947, Ashtead Group plc's corporate headquarters are situated in London, United Kingdom.
Ashtead Group plc is most often compared with the following Industrials names: