GAMMA Investing LLC Increases Stake in WillScot Holdings Corporation (NASDAQ:WSC)

GAMMA Investing LLC grew its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 10,274.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,937 shares of the company's stock after purchasing an additional 25,687 shares during the period. GAMMA Investing LLC's holdings in WillScot were worth $721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WSC. State of Wyoming bought a new stake in shares of WillScot during the 4th quarter worth $34,000. Jones Financial Companies Lllp lifted its holdings in shares of WillScot by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of WillScot during the 4th quarter worth $154,000. Headlands Technologies LLC bought a new stake in shares of WillScot during the 4th quarter worth $174,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of WillScot during the 4th quarter worth $216,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director now directly owns 15,384 shares of the company's stock, valued at $402,906.96. This represents a 185.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company's stock.

WillScot Trading Up 1.0%

Shares of WSC stock traded up $0.27 during mid-day trading on Friday, reaching $26.21. The stock had a trading volume of 3,203,636 shares, compared to its average volume of 2,697,470. The stock's 50-day moving average price is $26.68 and its two-hundred day moving average price is $31.00. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The firm has a market capitalization 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. 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 (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the previous year, the firm posted $0.29 EPS. WillScot's revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's payout ratio is 311.11%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oppenheimer lowered their price target 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. Morgan Stanley boosted their price target on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. 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 research note on Monday, March 10th. Finally, Barclays lowered 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 note on Friday, April 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, WillScot has an average rating of "Moderate Buy" and a consensus price target of $40.63.

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.