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Ashtead (AHT) is an international equipment rental company, running national US and UK networks, as well as a small presence in Canada. Offering a wide range of industrial and construction equipment, Ashtead has built an extremely diverse customer base. Their list of available equipment includes different devices that can be used to lift, dig, drill, support, heat, generate, essentially whatever is needed. The company rents big industrial items including excavators, forklift trucks and aerial work platforms, as well as smaller equipment such as power saws, pumps and ladders. Headquartered in London, the company is listed on the London Stock Exchange (LSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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