Connor Clark & Lunn Investment Management Ltd. grew its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 598.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,024 shares of the company's stock after acquiring an additional 53,141 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in WillScot were worth $1,724,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of WillScot by 444.7% during the first quarter. Amalgamated Bank now owns 56,374 shares of the company's stock valued at $1,567,000 after acquiring an additional 46,024 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares during the last quarter. KBC Group NV raised its stake in WillScot by 16.7% in the first quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after buying an additional 1,312 shares in the last quarter. New York State Teachers Retirement System bought a new position in WillScot in the first quarter worth about $1,148,000. Finally, Allspring Global Investments Holdings LLC bought a new position in WillScot in the first quarter worth about $10,987,000. 95.81% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other WillScot news, CEO Bradley Lee Soultz acquired 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were acquired at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer owned 418,376 shares in the company, valued at $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 15,000 shares of company stock worth $387,650. 3.10% of the stock is currently owned by company insiders.
WillScot Stock Down 1.3%
WSC traded down $0.30 during midday trading on Thursday, reaching $23.40. The company's stock had a trading volume of 2,264,780 shares, compared to its average volume of 2,749,711. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 2.11 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $42.15. The stock's 50-day moving average is $27.59 and its 200-day moving average is $28.62.
WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The business had revenue of $589.08 million during the quarter, compared to analysts' expectations of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.WillScot's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. As a group, research analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.
WillScot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio is 46.67%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on WSC. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley decreased their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Finally, DA Davidson decreased their price target on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $36.00.
View Our Latest Research Report on WillScot
About WillScot
(
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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