WillScot Holdings Corporation (NASDAQ:WSC) Stake Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares during the last quarter. State of Wyoming acquired a new position in shares of WillScot during the fourth quarter worth about $34,000. Jones Financial Companies Lllp lifted its stake in shares of WillScot by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after purchasing an additional 1,113 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of WillScot during the fourth quarter worth about $154,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Up 1.5%

Shares of NASDAQ:WSC traded up $0.43 during trading on Friday, hitting $28.38. The company's stock had a trading volume of 2,035,216 shares, compared to its average volume of 2,694,301. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The stock's 50-day moving average price is $27.07 and its two-hundred day moving average price is $30.68. The company has a market capitalization of $5.18 billion, a PE ratio of 315.37, a PEG ratio of 1.53 and a beta of 1.25.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly 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 business had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter last year, the firm posted $0.29 EPS. The company's revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent research reports. Barclays reduced their price objective 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. William Blair restated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Robert W. Baird reduced their price objective on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Oppenheimer reduced their price objective on WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley boosted their price objective on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.63.

Insider Activity at WillScot

In other news, Director Dominick P. Zarcone acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the acquisition, the director now directly owns 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

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.