ASHTF Stock Recent News

Ashtead Group is a less popular choice for investors looking to gain exposure in the consolidating construction equipment rental sector. Even though the ASHTY stock trades at a discount to its main peer - United Rentals, a closer look at the two companies reveals that this is likely to change. In the near-term, ASHTY is in a good position to outperform URI and to deliver at par shareholder returns beyond that.

ASHTY expects total rental revenues to rise 3-5% in fiscal 2025.

Focus on companies with proven business models, strong management, and potential for long-term market share growth in large industries. M&T Bank, Ashtead Group, Installed Building Products, Fiserv, Ferguson, Kinsale Capital Group, Align Technologies, and Medpace Holdings are highlighted investments. Emphasis on conservative financial practices, market dominance, and strategic capital deployment to drive future growth and shareholder value.

ASHTY reports a year-over-year increase in Q2 revenues on higher rental revenues. It lowers its FY25 revenue growth guidance, citing a weaker U.S. market.

I maintain a buy rating for Ashtead Group, confident in its long-term growth potential despite near-term uncertainties and recent earnings misses. AHT's FY29 adj EBITDA guidance remains achievable, driven by strong demand for mega projects and positive forward-looking indicators like the Dodge momentum index. Near-term risks include elevated interest rates impacting local construction demand and potential policy changes from Trump.

Ashtead Group PLC (LSE:AHT) faced a sharp drop for a second day running on Wednesday as analysts trimmed estimates in the wake of Tuesday's cut to full-year guidance. Though the industrial equipment rental firm detailed plans to shift its primary listing from London to the US, the news was overshadowed by a separate profit warning in interims.

Ashtead Group plc (OTCPK:ASHTF) Q2 2025 Results Conference Call December 10, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants William Kirkness - Bernstein SG Rory Mckenzie - UBS Suhasini Varanasi - Goldman Sachs Katie Fleischer - KeyBanc Capital Markets Arnaud Lehmann - Bank of America Lush Mahendrarajah - JP Morgan Neil Tyler - Redburn Atlantic James Rose - Barclays Allen Wells - Jefferies Karl Green - RBC Mark Howson - Dowgate Capital Brendan Horgan Thank you, operator, and good morning, everyone, and welcome to the Ashtead Group Q2 results presentation. As usual, I'm joined this morning by Michael Pratt and Will Shaw.

European stock markets opened Tuesday in negative territory, with the pan-European Stoxx 600 down 0.2%. Basic resources stocks led the losses, falling 1.2%, as disappointing Chinese trade figures weighed on investor sentiment. Market participants are focused on Wednesday’s US inflation report, which could significantly influence Federal Reserve interest rate decisions at its December 17-18 meeting. Economists polled by Dow Jones expect the Consumer Price Index to rise by 0.3% in November and 2.7% year-over-year. US stock futures were flat on Monday evening after the S&P 500 and Nasdaq Composite retreated from record highs. In Asia, Chinese stocks posted mixed results despite broader gains in the region. Ashtead drags down FTSE 100, also plans move to New York primary listing The FTSE 100 index dropped 0.5%, losing 41.26 points to settle at 8,310.82, as Ashtead shares plunged more than 10% as the equipment hire firm cut its full-year profit forecast, citing challenges in North Ame

Ashtead Group PLC (LSE:AHT) underwhelmed with plans to switch its primary listing to the US on Tuesday as a poor set of results clouded the news. Shares fell 12.4% to 5,492p in the wake of the two updates, placing Ashtead firmly ahead among the FTSE 100's biggest daily losers.

The FTSE 100 equipment rental company said moving its primary listing to the U.S. increase it exposure to investors and allow for its inclusion in “premier U.S. equity indices.”