Osborne Partners Capital Management LLC Increases Position in WillScot Holdings Corporation (NASDAQ:WSC)

Osborne Partners Capital Management LLC lifted its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,427 shares of the company's stock after buying an additional 16,142 shares during the period. Osborne Partners Capital Management LLC owned approximately 0.18% of WillScot worth $9,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares in the last quarter. State of Wyoming purchased a new position in WillScot during the fourth quarter valued at $34,000. Fifth Third Bancorp lifted its position in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in WillScot during the fourth quarter valued at $154,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Price Performance

WillScot stock traded up $0.51 during midday trading on Monday, reaching $26.72. 2,426,627 shares of the stock traded hands, compared to its average volume of 2,696,387. The stock has a market cap of $4.87 billion, a P/E ratio of 296.92, a PEG ratio of 1.44 and a beta of 1.25. The stock's fifty day moving average is $26.72 and its 200-day moving average is $30.85. 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 Holdings Corporation has a 12 month low of $21.91 and a 12 month 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 analysts' consensus estimates of $0.28 by ($0.04). WillScot had a net margin of 0.63% and a return on equity of 26.28%. 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 prior year, the company posted $0.29 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The firm 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. 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 1.05%. WillScot's dividend payout ratio (DPR) is presently 311.11%.

Insider Activity

In related news, CEO Bradley Lee Soultz acquired 10,000 shares of WillScot stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the purchase, the chief executive officer now directly owns 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Robert W. Baird lowered 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. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Oppenheimer decreased their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Morgan Stanley raised their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Barclays decreased their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.