Bernzott Capital Advisors Boosts Holdings in WillScot Holdings Corporation (NASDAQ:WSC)

Bernzott Capital Advisors raised its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 35.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,867 shares of the company's stock after purchasing an additional 42,682 shares during the quarter. WillScot accounts for approximately 2.2% of Bernzott Capital Advisors' investment portfolio, making the stock its 28th biggest holding. Bernzott Capital Advisors owned 0.09% of WillScot worth $4,500,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its position in shares of WillScot by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after acquiring an additional 2,639,559 shares during the period. FMR LLC lifted its stake in WillScot by 12.0% in the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after buying an additional 595,063 shares in the last quarter. Capital International Investors lifted its stake in WillScot by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after buying an additional 897,184 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in WillScot by 4.8% in the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after buying an additional 223,462 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its stake in WillScot by 23.9% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock valued at $120,248,000 after buying an additional 693,243 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WillScot

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

Analyst Ratings Changes

WSC has been the topic of a number of research reports. Morgan Stanley raised their price target on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Barclays decreased their price target on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, WillScot presently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Trading Down 0.1%

Shares of NASDAQ WSC traded down $0.04 during midday trading on Friday, reaching $30.33. 310,731 shares of the stock were exchanged, compared to its average volume of 2,652,866. The company has a 50 day simple moving average of $28.18 and a 200 day simple moving average of $30.17. The stock has a market capitalization of $5.53 billion, a P/E ratio of 335.84, a PEG ratio of 1.63 and a beta of 1.24. 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 twelve month low of $21.91 and a twelve month high of $43.80.

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

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 annualized dividend and a dividend yield of 0.92%. WillScot's dividend payout ratio (DPR) is 311.11%.

WillScot Company 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.

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