Generate Investment Management Ltd Raises Stock Holdings in WillScot Holdings Corporation (NASDAQ:WSC)

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

Several other hedge funds have also bought and sold shares of WSC. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 683 shares during the period. State of Wyoming bought a new position in shares of WillScot in the fourth quarter worth about $34,000. Golden State Wealth Management LLC boosted 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 period. Fifth Third Bancorp boosted 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 worth $66,000 after acquiring an additional 516 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of WillScot by 93.5% in the fourth 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 period. Institutional investors own 95.81% of the company's stock.

WillScot Trading Up 1.5%

WSC stock traded up $0.43 during midday trading on Friday, reaching $28.38. 2,035,216 shares of the company traded hands, compared to its average volume of 2,694,301. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The business has a 50 day moving average of $27.07 and a 200-day moving average of $30.68. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 315.37, a P/E/G ratio of 1.53 and a beta of 1.25.

WillScot (NASDAQ:WSC - Get Free Report) last issued 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 company had revenue of $559.55 million for the quarter, compared to analysts' expectations of $555.51 million. During the same quarter last year, the company earned $0.29 earnings per share. The company's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.99%. WillScot's dividend payout ratio (DPR) is presently 311.11%.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer now owns 128,817 shares in the company, valued at $3,451,007.43. This represents a 8.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WSC. Barclays dropped their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Oppenheimer dropped their price target on 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 increased their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Robert W. Baird dropped their price target on WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Five research 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 has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Company 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.