Carnegie Lake Advisors LLC Buys 27,421 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Carnegie Lake Advisors LLC lifted its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,001 shares of the company's stock after acquiring an additional 27,421 shares during the quarter. WillScot makes up about 0.9% of Carnegie Lake Advisors LLC's holdings, making the stock its 29th biggest holding. Carnegie Lake Advisors LLC's holdings in WillScot were worth $2,280,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WSC. Proficio Capital Partners LLC acquired a new position in WillScot in the 4th quarter valued at approximately $432,000. Raymond James Financial Inc. acquired a new position in shares of WillScot during the 4th quarter worth $8,294,000. Avantax Advisory Services Inc. acquired a new position in shares of WillScot during the 4th quarter worth $232,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of WillScot during the 4th quarter worth $297,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of WillScot by 21.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,220 shares of the company's stock worth $877,000 after purchasing an additional 4,620 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot

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

WillScot Trading Up 0.1%

WillScot stock traded up $0.03 during midday trading on Friday, hitting $30.40. 2,024,392 shares of the stock were exchanged, compared to its average volume of 2,659,499. The company has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $30.15. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $43.80. The stock has a market capitalization of $5.54 billion, a PE ratio of 337.82, a P/E/G ratio of 1.67 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.

WillScot (NASDAQ:WSC - Get Free Report) last announced 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 company had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot had a net margin of 0.63% and a return on equity of 26.28%. The business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Equities research analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. WillScot's dividend payout ratio is currently 311.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WSC. William Blair restated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley increased their price target 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, Barclays reduced their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.