Louisiana State Employees Retirement System Invests $2.42 Million in WillScot Holdings Corporation (NASDAQ:WSC)

Louisiana State Employees Retirement System bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 87,000 shares of the company's stock, valued at approximately $2,419,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the last quarter. State of Wyoming purchased a new position in WillScot during the 4th quarter worth $34,000. Golden State Wealth Management LLC raised its position in WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares during the last quarter. Jones Financial Companies Lllp raised its position in WillScot by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in WillScot by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after buying an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity

In other news, Director Dominick P. Zarcone purchased 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were bought at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the purchase, the director directly owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, the chief executive officer directly owned 128,817 shares in the company, valued at $3,451,007.43. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

WillScot Stock Up 2.4%

Shares of WillScot stock traded up $0.71 during midday trading on Thursday, hitting $30.37. The company had a trading volume of 1,454,701 shares, compared to its average volume of 2,659,481. The company has a 50 day moving average of $28.13 and a 200 day moving average of $30.19. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The stock has a market capitalization of $5.54 billion, a P/E ratio of 337.48, a P/E/G ratio of 1.62 and a beta of 1.24.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The company had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the prior year, the business posted $0.29 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.07 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.92%. WillScot's dividend payout ratio (DPR) is 311.11%.

Analysts Set New Price Targets

A number of brokerages have commented on WSC. Barclays cut their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Morgan Stanley increased their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.