Buck Wealth Strategies LLC Buys 29,272 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Buck Wealth Strategies LLC increased its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,579 shares of the company's stock after acquiring an additional 29,272 shares during the quarter. Buck Wealth Strategies LLC owned 0.07% of WillScot worth $3,797,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc bought a new stake in shares of WillScot in the 4th quarter valued at $7,192,000. New York Life Investment Management LLC acquired a new stake in WillScot in the 4th quarter valued at $679,000. Geneva Capital Management LLC acquired a new stake in WillScot in the 4th quarter valued at $23,194,000. River Road Asset Management LLC grew its position in WillScot by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after purchasing an additional 206,962 shares during the period. Finally, TCW Group Inc. grew its position in WillScot by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after purchasing an additional 7,763 shares during the period. Institutional investors own 95.81% of the company's stock.

Insider Transactions at WillScot

In other WillScot news, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction dated 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 purchase, the director now directly owns 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays reduced their price target 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. Robert W. Baird reduced their price target on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Oppenheimer reduced their price target 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 lifted their price target on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot presently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

WillScot Price Performance

Shares of NASDAQ:WSC opened at $26.21 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56. The stock's fifty day simple moving average is $26.68 and its two-hundred day simple moving average is $31.00. WillScot Holdings Corporation has a 1-year low of $21.91 and a 1-year high of $43.80. The stock has a market cap of $4.78 billion, a PE ratio of 291.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25.

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

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Wednesday, June 4th. WillScot's payout ratio 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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