ASHTY Stock Recent News

Ashtead: Long-Term Drivers Remain Positive

Investors interested in stocks from the Industrial Services sector have probably already heard of Ashtead Group PLC (ASHTY) and W.W. Grainger (GWW).

Here is how Ashtead Group PLC (ASHTY) and Lindsay (LNN) have performed compared to their sector so far this year.

Ashtead Group PLC (LSE:AHT) said it will be listed in the US as Sunbelt Rentals, which will be the new parent company, with a secondary listing in London, if investors vote for it at a meeting in June. This follows the decision of the equipment rental group's board that a US primary listing would be in the best interests of the company and investors, with a secondary listing retained in London.

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.

AGL, ASHTY and CCOZY have been added to the Zacks Rank #5 (Strong Sell) List on January 28, 2024.

Ashtead Technology Holdings PLC (AIM:AT.) said it put in a strong performance in 2024 despite the uncertainties surrounding offshore oil and gas exploration.

KKR & Co Inc's broad-based expansion and evolving earnings profile, driven by significant AUM growth and stable revenue streams, highlight its long-term potential despite economic headwinds. Amazon's relentless focus on customer satisfaction and strategic investments in logistics and AI infrastructure continue to drive sustainable cash flow growth and margin expansion. Alphabet's AI-driven innovations and Waymo's growing commercial viability reinforce its leadership in digital advertising and scalable cloud platforms, promising robust long-term growth.

This rental company has seen its stock price slide and estimates are also falling.

ALG, ASHTY and YOU have been added to the Zacks Rank #5 (Strong Sell) List on January 6, 2024.