Bessemer Group Inc. Sells 1,833,807 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Bessemer Group Inc. lowered its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,852,609 shares of the company's stock after selling 1,833,807 shares during the period. Bessemer Group Inc. owned approximately 1.01% of WillScot worth $51,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares in the last quarter. State of Wyoming bought a new position in shares of WillScot during the 4th quarter valued at approximately $34,000. Fifth Third Bancorp boosted its stake in shares of WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after acquiring an additional 516 shares during the period. Jones Financial Companies Lllp increased its holdings in WillScot by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of WillScot during the 4th quarter valued at approximately $154,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot

In other news, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. The trade was a 8.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird decreased their target price on WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Barclays dropped their target price on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Oppenheimer reduced their price objective on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley boosted their target price on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Stock Up 1.9%

Shares of WillScot stock traded up $0.53 during trading on Thursday, hitting $27.95. 1,328,370 shares of the stock traded hands, compared to its average volume of 2,693,420. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The stock has a market cap of $5.10 billion, a P/E ratio of 310.59, a PEG ratio of 1.53 and a beta of 1.25. The company has a fifty day moving average price of $26.88 and a two-hundred day moving average price of $30.81. 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 data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot had a net margin of 0.63% and a return on equity of 26.28%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. Equities research analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued 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 1.00%. WillScot's dividend payout ratio is presently 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.