Teachers Retirement System of The State of Kentucky Acquires 52,500 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Teachers Retirement System of The State of Kentucky increased its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 153.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,723 shares of the company's stock after purchasing an additional 52,500 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in WillScot were worth $2,411,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its stake in shares of WillScot by 28.0% during the first 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 period. Xponance Inc. boosted its position in shares of WillScot by 4.2% in the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after acquiring an additional 568 shares during the period. GAMMA Investing LLC grew its stake in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares in the last quarter. CWM LLC grew its stake in shares of WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after acquiring an additional 827 shares in the last quarter. Finally, State of Wyoming bought a new position in WillScot during the fourth quarter worth about $34,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WSC shares. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley upped their price target on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Barclays reduced their price objective 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. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

Insider Activity at WillScot

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

WillScot Stock Performance

WSC stock traded up $0.40 during midday trading on Thursday, reaching $31.25. 1,785,837 shares of the company's stock traded hands, compared to its average volume of 1,597,458. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a 50-day moving average price of $28.27 and a two-hundred day moving average price of $30.08. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market capitalization of $5.70 billion, a PE ratio of 347.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) 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 business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same period in the prior year, the business posted $0.29 EPS. WillScot's quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.07 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.90%. WillScot's dividend payout ratio (DPR) is currently 311.11%.

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.