Public Sector Pension Investment Board Takes $16.29 Million Position in WillScot Holdings Corporation (NASDAQ:WSC)

Key Points

• The Public Sector Pension Investment Board acquired 585,962 shares of WillScot Holdings Corporation, valued at approximately $16.29 million, increasing its ownership to about 0.32% of the company.
• Analysts have provided mixed ratings for WillScot, with a consensus target price of $36.00, while the company recently reported earnings per share of $0.27, missing estimates.
• WillScot announced a quarterly dividend of $0.07 per share, which equates to an annualized dividend yield of 1.2%.

Public Sector Pension Investment Board acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 585,962 shares of the company's stock, valued at approximately $16,290,000. Public Sector Pension Investment Board owned approximately 0.32% of WillScot at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the last quarter. State of Wyoming purchased a new position in WillScot in the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC grew its position in WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC grew its position in WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp grew its position in WillScot by 28.0% in the first 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 period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. DA Davidson lowered their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Finally, Morgan Stanley lowered their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.00.

WillScot Trading Up 3.6%

NASDAQ:WSC traded up $0.88 during trading hours on Wednesday, reaching $25.59. 3,965,530 shares of the stock were exchanged, compared to its average volume of 2,486,176. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The business has a 50-day moving average of $28.07 and a two-hundred day moving average of $29.16. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $42.15. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 2.20 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%. The firm had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. On average, 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 will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio is 46.67%.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz acquired 3,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the purchase, the chief executive officer owned 126,817 shares in the company, valued at approximately $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dominick P. Zarcone acquired 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the purchase, the director owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This represents a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 15,000 shares of company stock worth $387,650 over the last 90 days. 3.10% of the stock is owned by insiders.

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.