San Francisco-based Dodge & Cox Gain Major Holdings in Ashtead Group

The world of share trading continues to pivot and pulsate, with major moves stirring up the FTSE 100 scene. In a transparent update released by Ashtead Group, significant changes in the company’s shareholding have been announced. The industrial equipment rental company has welcomed a wave of investment from Dodge & Cox, a San Francisco-based wealth management firm.

It seems the Golden Gate City’s firm has increased their cache of Ashtead shares quite considerably. Crossing a notable threshold, Dodge & Cox have announced acquisition of 10% voting rights attached to shares up from their previous holding of 5.18%. An impressive increase, suggesting a confident move by the USA-based shareholder. The deal sees Dodge & Cox gaining voting power over a total of 43,380,700 shares in the FTSE 100-listed company.