GAMMA Investing LLC Buys 25,687 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

GAMMA Investing LLC boosted its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 10,274.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,937 shares of the company's stock after acquiring an additional 25,687 shares during the period. GAMMA Investing LLC's holdings in WillScot were worth $721,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. State of Wyoming purchased a new position in WillScot during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its stake in WillScot by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in WillScot in the 4th quarter worth approximately $154,000. Headlands Technologies LLC purchased a new stake in shares of WillScot in the 4th quarter valued at $174,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of WillScot in the 4th quarter valued at $216,000. Institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of research reports. Oppenheimer cut their price objective on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Robert W. Baird lowered their price target on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley raised their target price on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Barclays dropped 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.63.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the purchase, the chief executive officer now directly owns 128,817 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company's stock.

WillScot Stock Down 1.3%

WSC opened at $26.13 on Wednesday. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $43.80. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The firm has a 50 day moving average price of $26.63 and a 200-day moving average price of $31.25. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 290.37, a PEG ratio of 1.45 and a beta of 1.25.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) 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 company had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the prior year, the business posted $0.29 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

About WillScot

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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