CenterBook Partners LP Takes $572,000 Position in WillScot Holdings Corporation (NASDAQ:WSC)

CenterBook Partners LP bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,579 shares of the company's stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSC. Sciencast Management LP lifted its holdings in shares of WillScot by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after purchasing an additional 491 shares in the last quarter. Fifth Third Bancorp grew 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 valued at $66,000 after buying an additional 516 shares in the last quarter. Xponance Inc. grew its stake in shares of WillScot by 4.2% in the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after buying an additional 568 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of WillScot by 8.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after acquiring an additional 583 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC stock traded up $0.03 on Friday, hitting $30.40. 2,024,392 shares of the company's stock were exchanged, compared to its average volume of 2,656,943. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $43.80. The stock has a market cap of $5.54 billion, a P/E ratio of 337.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. The company has a 50 day moving average of $28.25 and a 200 day moving average of $30.15.

WillScot (NASDAQ:WSC - Get Free Report) last announced 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). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. WillScot's quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on WSC. Morgan Stanley upped their price objective on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, Barclays reduced their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five investment 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

Insider Activity

In other news, Director Dominick P. Zarcone bought 10,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director owned 15,384 shares of the company's stock, valued at $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 SEC, which is available at this link. Also, CEO Bradley Lee Soultz bought 10,000 shares of the company's 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 completion of the transaction, the chief executive officer directly owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by company insiders.

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.