Osborne Partners Capital Management LLC Buys 16,142 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Osborne Partners Capital Management LLC increased its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 327,427 shares of the company's stock after purchasing 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.

A number of other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the period. State of Wyoming acquired a new position in WillScot during the 4th quarter worth approximately $34,000. Fifth Third Bancorp boosted its position in WillScot by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after acquiring an additional 516 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of WillScot by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of WillScot in the fourth quarter valued at approximately $154,000. Institutional investors own 95.81% of the company's stock.

Analyst Ratings Changes

WSC has been the subject of several recent research reports. William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley increased their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. 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. Barclays dropped their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Oppenheimer decreased their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

WillScot Trading Down 0.7%

Shares of NASDAQ:WSC opened at $25.94 on Friday. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The company has a market capitalization of $4.73 billion, a P/E ratio of 288.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.25. The company has a 50-day simple moving average of $26.65 and a 200 day simple moving average of $31.13.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data 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 net margin of 0.63% and a return on equity of 26.28%. The business had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same quarter in the prior year, the company earned $0.29 EPS. WillScot's quarterly revenue was down 4.7% on a year-over-year basis. Sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.08%. WillScot's dividend payout ratio (DPR) is 311.11%.

Insider Buying and Selling at WillScot

In related news, Director Dominick P. Zarcone acquired 10,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was 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 now directly owns 15,384 shares of the company's stock, valued at approximately $402,906.96. The trade was a 185.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.

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