Universal Beteiligungs und Servicegesellschaft mbH Invests $1.21 Million in WillScot Holdings Corporation (NASDAQ:WSC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested $1.21 million in WillScot Holdings, acquiring 43,404 shares during the first quarter.
• Multiple hedge funds increased their holdings in WillScot, with Allianz Asset Management raising its position by 51.6% and Teachers Retirement System of Kentucky by 153.4% in the same period.
• WillScot announced a quarterly dividend of $0.07 per share, with a payout ratio of 311.11%, highlighting financial pressure despite a strong dividend yield.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,404 shares of the company's stock, valued at approximately $1,207,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allianz Asset Management GmbH boosted its position in WillScot by 51.6% during the first quarter. Allianz Asset Management GmbH now owns 9,400 shares of the company's stock worth $261,000 after acquiring an additional 3,200 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in WillScot by 153.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 86,723 shares of the company's stock worth $2,411,000 after purchasing an additional 52,500 shares during the last quarter. Carnegie Lake Advisors LLC increased its position in WillScot by 50.2% during the first quarter. Carnegie Lake Advisors LLC now owns 82,001 shares of the company's stock worth $2,280,000 after purchasing an additional 27,421 shares during the last quarter. Bernzott Capital Advisors increased its position in WillScot by 35.8% during the first quarter. Bernzott Capital Advisors now owns 161,867 shares of the company's stock worth $4,500,000 after purchasing an additional 42,682 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in WillScot by 23.2% during the first quarter. Dynasty Wealth Management LLC now owns 21,341 shares of the company's stock worth $593,000 after purchasing an additional 4,014 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Trading Up 1.0%

NASDAQ WSC traded up $0.26 during trading on Tuesday, hitting $25.35. The stock had a trading volume of 3,461,650 shares, compared to its average volume of 2,693,472. The company has a market capitalization of $4.62 billion, a PE ratio of 42.25, a PEG ratio of 1.43 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The firm has a 50 day moving average price of $28.45 and a 200 day moving average price of $29.70. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The business's revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, equities research analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Insider Transactions at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction on 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 transaction, the director directly owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSC. William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. DA Davidson decreased their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, WillScot currently has a consensus rating of "Hold" and a consensus target price of $36.00.

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.