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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares during the period. State of Wyoming purchased a new position in shares of WillScot during the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC boosted its holdings in WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares in the last quarter. Jones Financial Companies Lllp grew 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 buying an additional 1,113 shares during the period. Finally, Fifth Third Bancorp increased its holdings in WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after buying an additional 516 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WillScot

In other news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the transaction, the director owned 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer directly owned 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 disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

WillScot Price Performance

Shares of NASDAQ:WSC traded up $0.52 during midday trading on Wednesday, hitting $28.90. The company's stock had a trading volume of 1,495,013 shares, compared to its average volume of 2,682,703. The company has a market cap of $5.27 billion, a P/E ratio of 321.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $43.80. The business's 50 day simple moving average is $27.29 and its 200 day simple moving average is $30.53. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83.

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 the consensus estimate of $0.28 by ($0.04). The company 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%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, analysts forecast 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. Investors of record on Wednesday, June 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

Wall Street Analyst Weigh In

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

About WillScot

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.