Oppenheimer Asset Management Inc. Has $1.26 Million Holdings in WillScot Holdings Corporation (NASDAQ:WSC)

Oppenheimer Asset Management Inc. reduced its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,377 shares of the company's stock after selling 17,037 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in WillScot were worth $1,261,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Buck Wealth Strategies LLC grew its holdings in WillScot by 27.3% in the 1st quarter. Buck Wealth Strategies LLC now owns 136,579 shares of the company's stock valued at $3,797,000 after buying an additional 29,272 shares during the last quarter. Osborne Partners Capital Management LLC lifted its holdings in shares of WillScot by 5.2% during the first quarter. Osborne Partners Capital Management LLC now owns 327,427 shares of the company's stock worth $9,102,000 after buying an additional 16,142 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of WillScot in the first quarter valued at approximately $2,845,000. Fifth Third Bancorp boosted its position in shares of WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of WillScot in the first quarter worth $1,689,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Price Performance

WSC traded up $0.98 during midday trading on Tuesday, reaching $28.38. 2,318,521 shares of the company's stock were exchanged, compared to its average volume of 2,687,453. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The business has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $30.53. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 315.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. WillScot Holdings Corporation has a one year low of $21.91 and a one year high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 EPS 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 company had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter last year, the business earned $0.29 EPS. WillScot's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, June 4th. WillScot's payout ratio is 311.11%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. William Blair reiterated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley upped their price objective 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. Robert W. Baird decreased their target price on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Barclays lowered their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Oppenheimer reduced their price objective on WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 10,000 shares of the company's stock in a transaction that occurred 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 directly owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Dominick P. Zarcone bought 10,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the transaction, 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 disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

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.