Ashtead Group: Valuation Gap With United Rentals Is Closing

2025-03-26 03:03:28 ET

Summary

• 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.

Trends in on-shoring industrial production back in the United States alongside increased infrastructure spending have made the construction equipment rental business a very attractive area to be in....

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