Teacher Retirement System of Texas Buys Shares of 27,046 WillScot Holdings Corporation (NASDAQ:WSC)

Teacher Retirement System of Texas bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,046 shares of the company's stock, valued at approximately $752,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSC. Franklin Resources Inc. lifted its holdings in shares of WillScot by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of WillScot by 13.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after purchasing an additional 664,805 shares in the last quarter. FMR LLC raised its position in WillScot by 12.0% in the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after buying an additional 595,063 shares during the last quarter. Capital International Investors raised its position in WillScot by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after buying an additional 897,184 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in WillScot by 4.8% in the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after buying an additional 223,462 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Stock Performance

Shares of WSC stock traded down $0.16 during trading on Friday, reaching $30.21. 667,464 shares of the company's stock were exchanged, compared to its average volume of 2,654,233. 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 $5.51 billion, a PE ratio of 336.09, a PEG ratio of 1.63 and a beta of 1.24. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $43.80. The firm's fifty day moving average price is $28.18 and its 200-day moving average price is $30.17.

WillScot (NASDAQ:WSC - Get Free Report) last posted its 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). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The business had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, June 4th. WillScot's dividend payout ratio is 311.11%.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the transaction, the chief executive officer owned 128,817 shares in the company, valued at $3,451,007.43. The trade was a 8.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dominick P. Zarcone bought 10,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the transaction, the director owned 15,384 shares in the company, valued at approximately $402,906.96. This trade represents a 185.74% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

WSC has been the topic of several recent analyst reports. Barclays lowered their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Morgan Stanley boosted their price target on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.

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.