Zacks Investment Research downgraded shares of ASHTEAD Grp PLC/ADR (OTCMKTS:ASHTY) from a buy rating to a hold rating in a research report report published on Thursday, September 20th.

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 cut ASHTEAD Grp PLC/ADR from a buy rating to a hold rating in a research report on Monday, July 2nd.

Shares of OTCMKTS ASHTY traded up $1.90 during mid-day trading on Thursday, hitting $105.70. 109,473 shares of the stock traded hands, compared to its average volume of 11,641. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.08. ASHTEAD Grp PLC/ADR has a 52 week low of $99.01 and a 52 week high of $131.40. The firm has a market capitalization of $15.75 billion, a PE ratio of 15.71, a P/E/G ratio of 0.97 and a beta of 1.48.

ASHTEAD Grp PLC/ADR (OTCMKTS:ASHTY) last released its earnings results on Tuesday, September 11th. The company reported $2.43 EPS for the quarter. The business had revenue of $1.43 billion for the quarter. ASHTEAD Grp PLC/ADR had a return on equity of 28.62% and a net margin of 28.31%. On average, research analysts anticipate that ASHTEAD Grp PLC/ADR will post 8.82 earnings per share for the current year.

ASHTEAD Grp PLC/ADR Company Profile

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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