Oak Thistle LLC Takes $535,000 Position in WillScot Holdings Corporation (NASDAQ:WSC)

Oak Thistle LLC purchased a new position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,239 shares of the company's stock, valued at approximately $535,000.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the last quarter. State of Wyoming purchased a new position in WillScot in the 4th quarter worth about $34,000. Golden State Wealth Management LLC raised its position in WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares during the last quarter. CWM LLC increased its position in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after purchasing an additional 827 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of WillScot by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares during the last quarter. Institutional investors own 95.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on WSC shares. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. 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. Finally, Morgan Stanley increased their target price on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, WillScot currently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

Insider Transactions at WillScot

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

WillScot Price Performance

Shares of WSC traded up $0.40 during trading hours on Friday, reaching $31.65. 1,319,112 shares of the company traded hands, compared to its average volume of 1,620,332. The stock has a fifty day simple moving average of $28.30 and a 200 day simple moving average of $30.06. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $42.99. The stock has a market capitalization of $5.77 billion, a PE ratio of 351.71, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The business 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%. WillScot's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. As a group, research analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued 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 dividend yield of 0.88%. WillScot's dividend payout ratio is 311.11%.

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.