WillScot Holdings Corporation (NASDAQ:WSC) Shares Acquired by Skylands Capital LLC

Skylands Capital LLC increased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,700 shares of the company's stock after buying an additional 20,950 shares during the quarter. Skylands Capital LLC owned 0.09% of WillScot worth $4,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in WillScot by 16.7% during the 1st quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after buying an additional 1,312 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in WillScot during the 1st quarter worth $10,987,000. Generate Investment Management Ltd grew its stake in WillScot by 25.1% during the 1st quarter. Generate Investment Management Ltd now owns 803,643 shares of the company's stock valued at $22,341,000 after purchasing an additional 161,237 shares during the last quarter. Golden State Wealth Management LLC grew its stake in WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Buck Wealth Strategies LLC grew its stake in WillScot by 27.3% during the 1st quarter. Buck Wealth Strategies LLC now owns 136,579 shares of the company's stock valued at $3,797,000 after purchasing an additional 29,272 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on WSC shares. Barclays dropped their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Morgan Stanley boosted their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Robert W. Baird dropped their price target on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Oppenheimer dropped their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Finally, William Blair reiterated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.63.

Insider Buying and Selling

In other WillScot news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction that occurred on 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 acquisition, the director now owns 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by insiders.

WillScot Stock Performance

Shares of WSC traded up $0.43 during mid-day trading on Friday, reaching $28.38. The company had a trading volume of 2,035,216 shares, compared to its average volume of 2,688,161. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $43.80. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The stock has a market capitalization of $5.18 billion, a P/E ratio of 315.37, a PEG ratio of 1.56 and a beta of 1.25. The stock has a 50 day moving average of $27.07 and a two-hundred day moving average of $30.64.

WillScot (NASDAQ:WSC - Get Free Report) last issued 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 return on equity of 26.28% and a net margin of 0.63%. The company had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 yield of 0.99%. WillScot's payout ratio is 311.11%.

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.