TimesSquare Capital Management LLC Grows Stock Position in WillScot Holdings Corporation (NASDAQ:WSC)

TimesSquare Capital Management LLC lifted its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 869,030 shares of the company's stock after acquiring an additional 41,085 shares during the period. TimesSquare Capital Management LLC owned 0.47% of WillScot worth $24,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in WillScot in the 4th quarter valued at about $97,734,000. Franklin Resources Inc. raised its holdings in WillScot by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after buying an additional 2,639,559 shares during the period. Invesco Ltd. raised its holdings in WillScot by 747.1% in the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after buying an additional 1,605,436 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in WillScot by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after buying an additional 1,137,890 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in WillScot by 8,012.5% in the 1st quarter. Principal Financial Group Inc. now owns 917,765 shares of the company's stock valued at $25,514,000 after buying an additional 906,452 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Trading Up 0.1%

NASDAQ WSC traded up $0.03 during trading on Wednesday, hitting $29.66. The stock had a trading volume of 1,001,927 shares, compared to its average volume of 2,664,358. The company has a market capitalization of $5.41 billion, a PE ratio of 329.59, a PEG ratio of 1.65 and a beta of 1.24. 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 firm has a 50 day moving average price of $28.06 and a 200 day moving average price of $30.20. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month 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 net margin of 0.63% and a return on equity of 26.28%. The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is presently 311.11%.

Insider Transactions at WillScot

In related news, Director Dominick P. Zarcone acquired 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost 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 $402,906.96. This represents a 185.74% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

WSC has been the topic of several research analyst reports. Barclays reduced their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Morgan Stanley boosted their price objective on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, WillScot presently has an average rating of "Moderate Buy" and an average target price of $40.63.

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.