Impax Asset Management Group plc Increases Stock Holdings in WillScot Holdings Corporation (NASDAQ:WSC)

Impax Asset Management Group plc boosted its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,000 shares of the company's stock after purchasing an additional 60,000 shares during the quarter. Impax Asset Management Group plc owned about 0.15% of WillScot worth $7,645,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WSC. Franklin Resources Inc. grew its holdings in WillScot by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after buying an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC grew its holdings in WillScot by 13.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after buying an additional 664,805 shares in the last quarter. FMR LLC grew its holdings in WillScot by 12.0% in the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after buying an additional 595,063 shares in the last quarter. Capital International Investors grew its holdings in WillScot by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after buying an additional 897,184 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in WillScot by 4.8% in the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after buying an additional 223,462 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSC has been the subject of several analyst reports. Barclays dropped their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Oppenheimer lowered 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. William Blair reiterated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Robert W. Baird lowered their price target on WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley increased their price target on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

Insider Activity

In other WillScot news, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone purchased 10,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director owned 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by company insiders.

WillScot Stock Up 1.0%

WSC stock traded up $0.29 during mid-day trading on Tuesday, reaching $28.54. The company had a trading volume of 2,056,419 shares, compared to its average volume of 2,681,914. 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 company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 317.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The firm has a fifty day simple moving average of $27.63 and a 200 day simple moving average of $30.34. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot had a net margin of 0.63% and a return on equity of 26.28%. WillScot's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, June 4th. WillScot's dividend payout ratio (DPR) is presently 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.