State of Alaska Department of Revenue Acquires Shares of 102,373 WillScot Holdings Corporation (NASDAQ:WSC)

State of Alaska Department of Revenue purchased a new stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in shares of WillScot by 13.5% during the 4th quarter. Sanctuary Advisors LLC now owns 18,575 shares of the company's stock valued at $687,000 after acquiring an additional 2,206 shares during the last quarter. Handelsbanken Fonder AB lifted its position in WillScot by 18.7% during the fourth quarter. Handelsbanken Fonder AB now owns 45,773 shares of the company's stock valued at $1,531,000 after purchasing an additional 7,200 shares during the period. TCW Group Inc. boosted its holdings in WillScot by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after purchasing an additional 7,763 shares during the last quarter. Skylands Capital LLC grew its position in WillScot by 33.4% in the 4th quarter. Skylands Capital LLC now owns 137,750 shares of the company's stock worth $4,608,000 after purchasing an additional 34,475 shares during the period. Finally, Impax Asset Management Group plc bought a new stake in WillScot in the 4th quarter worth approximately $7,192,000. 95.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

WillScot Stock Performance

Shares of NASDAQ:WSC traded down $0.51 during mid-day trading on Wednesday, reaching $27.42. 1,397,245 shares of the company traded hands, compared to its average volume of 2,698,880. The company's 50 day moving average price is $26.79 and its 200-day moving average price is $30.83. The firm has a market cap of $5.00 billion, a PE ratio of 18.62, a PEG ratio of 1.53 and a beta of 1.25. 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 current ratio of 0.83 and a quick ratio of 0.76.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot had a return on equity of 26.28% and a net margin of 0.63%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

Insiders Place Their Bets

In other WillScot news, CEO Bradley Lee Soultz purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, with a total value of $267,900.00. Following the acquisition, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by company insiders.

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.