Kintayl Capital LP Purchases Shares of 49,538 WillScot Holdings Corporation (NASDAQ:WSC)

Kintayl Capital LP acquired a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 49,538 shares of the company's stock, valued at approximately $1,377,000. WillScot makes up about 1.0% of Kintayl Capital LP's portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in WillScot during the fourth quarter worth approximately $97,734,000. Franklin Resources Inc. lifted its position in shares of 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 acquiring an additional 2,639,559 shares in the last quarter. Invesco Ltd. lifted its position in shares of WillScot by 747.1% in the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after acquiring an additional 1,605,436 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of WillScot by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after acquiring an additional 1,137,890 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of WillScot by 8,012.5% in the 1st quarter. Principal Financial Group Inc. now owns 917,765 shares of the company's stock valued at $25,514,000 after acquiring an additional 906,452 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WSC has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Barclays cut 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. Finally, William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, WillScot presently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer directly owned 128,817 shares of the company's stock, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $26.19 per share, with a total value of $261,900.00. Following the acquisition, the director directly owned 15,384 shares of the company's stock, valued at approximately $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 insiders.

WillScot Price Performance

Shares of NASDAQ WSC traded down $0.07 during trading on Friday, reaching $30.30. The company had a trading volume of 458,422 shares, compared to its average volume of 2,653,499. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $43.80. The stock has a market cap of $5.53 billion, a PE ratio of 336.70, a PEG ratio of 1.63 and a beta of 1.24. 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's 50 day moving average price is $28.18 and its 200-day moving average price is $30.17.

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). The firm had revenue of $559.55 million for 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%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

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.