Generate Investment Management Ltd Has $22.34 Million Stock Position in WillScot Holdings Corporation (NASDAQ:WSC)

Generate Investment Management Ltd increased its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 803,643 shares of the company's stock after purchasing an additional 161,237 shares during the quarter. WillScot makes up 1.6% of Generate Investment Management Ltd's investment portfolio, making the stock its 19th largest holding. Generate Investment Management Ltd owned approximately 0.44% of WillScot worth $22,341,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares during the period. State of Wyoming acquired a new stake in shares of WillScot in the fourth quarter worth $34,000. Golden State Wealth Management LLC grew its stake in shares of WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the last quarter. Fifth Third Bancorp increased its position in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after acquiring an additional 516 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in WillScot by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Price Performance

WSC stock traded up $0.53 during trading on Thursday, hitting $27.95. The company had a trading volume of 1,328,370 shares, compared to its average volume of 2,695,792. The company has a fifty day moving average price of $26.88 and a two-hundred day moving average price of $30.81. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The company has a market cap of $5.10 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.50 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 posted its 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 return on equity of 26.28% and a net margin of 0.63%. The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same period in the previous year, the company posted $0.29 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Wednesday, June 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.00%. WillScot's dividend payout ratio (DPR) is presently 311.11%.

Insider Activity at WillScot

In related news, Director Dominick P. Zarcone bought 10,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was bought at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director now owns 15,384 shares in the company, valued at approximately $402,906.96. The trade was a 185.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WSC. Morgan Stanley boosted their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Oppenheimer cut their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Robert W. Baird reduced their price objective on WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Barclays decreased their price objective on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, William Blair restated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

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.