Buck Wealth Strategies LLC increased its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,579 shares of the company's stock after purchasing an additional 29,272 shares during the quarter. Buck Wealth Strategies LLC owned approximately 0.07% of WillScot worth $3,797,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of WSC. Impax Asset Management Group plc purchased a new position in WillScot during the fourth quarter valued at approximately $7,192,000. New York Life Investment Management LLC purchased a new position in shares of WillScot in the 4th quarter valued at $679,000. Geneva Capital Management LLC bought a new position in shares of WillScot in the 4th quarter worth $23,194,000. River Road Asset Management LLC raised its position in shares of WillScot by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after acquiring an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in shares of WillScot by 20.1% during the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after purchasing an additional 7,763 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Robert W. Baird cut their target price on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. 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 report on Monday, May 12th. William Blair reiterated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Barclays decreased their target price 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. Finally, Oppenheimer cut their price target on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.
Get Our Latest Research Report on WSC
WillScot Stock Performance
Shares of NASDAQ WSC traded down $0.51 during midday trading on Wednesday, reaching $27.42. The company had a trading volume of 1,397,245 shares, compared to its average volume of 2,698,880. The stock has a market cap of $5.00 billion, a P/E ratio of 304.70, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $43.80. The business's 50-day simple moving average is $26.79 and its 200 day simple moving average is $30.83.
WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results 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). WillScot had a net margin of 0.63% and a return on equity of 26.28%. The firm had revenue of $559.55 million for the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal 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 given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is presently 311.11%.
Insider Buying and Selling at WillScot
In other WillScot news, Director Dominick P. Zarcone bought 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the acquisition, the director now directly owns 15,384 shares in the company, valued at approximately $402,906.96. This trade represents a 185.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company's stock.
WillScot Profile
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Free Report)
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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