State of Alaska Department of Revenue Makes New Investment in WillScot Holdings Corporation (NASDAQ:WSC)

State of Alaska Department of Revenue purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 102,373 shares of the company's stock, valued at approximately $2,845,000. State of Alaska Department of Revenue owned approximately 0.06% of WillScot at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position 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 buying an additional 683 shares in the last quarter. State of Wyoming bought a new stake in shares of WillScot during the 4th quarter worth about $34,000. Jones Financial Companies Lllp grew its stake in shares of WillScot by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after purchasing an additional 1,113 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of WillScot in the 4th quarter worth approximately $154,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Performance

WillScot stock opened at $26.21 on Friday. The firm's 50 day simple moving average is $26.68 and its 200-day simple moving average is $31.00. The company has a market cap of $4.78 billion, a P/E ratio of 291.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last released 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). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The firm had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same period last year, the business earned $0.29 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, June 4th. WillScot's payout ratio is presently 311.11%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WSC. Robert W. Baird lowered their price objective on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Morgan Stanley lifted 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. Oppenheimer lowered their price objective 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. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Barclays lowered their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Activity at WillScot

In related news, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the transaction, the chief executive officer now owns 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

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.

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