Oregon Public Employees Retirement Fund Makes New $1.18 Million Investment in WillScot Holdings Corporation (NASDAQ:WSC)

Oregon Public Employees Retirement Fund acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,300 shares of the company's stock, valued at approximately $1,176,000.

A number of other large investors have also recently bought and sold shares of the company. River Road Asset Management LLC boosted its stake in shares of WillScot by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after purchasing an additional 206,962 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of WillScot by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 716,006 shares of the company's stock valued at $23,950,000 after purchasing an additional 18,087 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of WillScot by 14.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 95,522 shares of the company's stock valued at $2,656,000 after purchasing an additional 12,022 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in shares of WillScot in the 1st quarter valued at approximately $1,955,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of WillScot in the 4th quarter valued at approximately $432,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WSC. Barclays reduced their price target on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Oppenheimer cut their target price on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Robert W. Baird cut their target price on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Morgan Stanley lifted their target price on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Stock Down 0.1%

WillScot stock opened at $28.88 on Friday. 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 52-week low of $21.91 and a 52-week high of $43.80. The firm has a 50 day moving average price of $27.56 and a two-hundred day moving average price of $30.40. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 320.88, a PEG ratio of 1.58 and a beta of 1.24.

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

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.97%. WillScot's payout ratio is 311.11%.

Insider Buying and Selling at WillScot

In related news, CEO Bradley Lee Soultz acquired 10,000 shares of the 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 purchase, the chief executive officer directly owned 128,817 shares of the company's stock, valued at $3,451,007.43. The trade was a 8.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dominick P. Zarcone acquired 10,000 shares of the 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 purchase, the director directly owned 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% 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 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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.