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 stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,300 shares of the company's stock, valued at approximately $1,176,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WSC. Bank of New York Mellon Corp lifted 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 during the period. Proficio Capital Partners LLC bought a new stake in shares of WillScot in the fourth quarter worth $432,000. Jones Financial Companies Lllp grew its holdings in WillScot by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in WillScot by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,568,835 shares of the company's stock valued at $52,478,000 after purchasing an additional 35,665 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of WillScot in the fourth quarter worth about $8,294,000. Institutional investors own 95.81% of the company's stock.

WillScot Stock Up 1.5%

WSC traded up $0.42 during trading on Wednesday, reaching $28.96. 862,325 shares of the stock traded hands, compared to its average volume of 2,674,934. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. The stock's 50-day simple moving average is $27.70 and its two-hundred day simple moving average is $30.33. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 321.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results 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 firm had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot had a return on equity of 26.28% and a net margin of 0.63%. WillScot's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, equities research 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. Shareholders of record on Wednesday, June 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's payout ratio is 311.11%.

Insider Transactions at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director directly owned 15,384 shares in the company, valued at approximately $402,906.96. This represents a 185.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired 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 $3,451,007.43. This represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

WSC has been the topic of several recent analyst reports. Morgan Stanley increased their price target on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Barclays dropped their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Five research 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 an average rating of "Moderate Buy" and an average price target of $40.63.

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.