Dominick P. Zarcone Acquires 10,000 Shares of WillScot Holdings Corporation (NASDAQ:WSC) Stock

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) Director Dominick P. Zarcone purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the purchase, the director now owns 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

WillScot Trading Up 1.0%

Shares of WSC traded up $0.27 during trading hours on Friday, hitting $26.21. 3,203,636 shares of the stock traded hands, compared to its average volume of 2,696,481. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56. WillScot Holdings Corporation has a 1-year low of $21.91 and a 1-year high of $43.80. The firm has a market capitalization of $4.78 billion, a PE ratio of 291.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.25. The business has a fifty day moving average of $26.68 and a 200-day moving average of $31.05.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same period last year, the company earned $0.29 EPS. The company's revenue was down 4.7% compared to the same quarter last year. Analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued 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 1.07%. WillScot's dividend payout ratio is presently 311.11%.

Institutional Investors Weigh In On WillScot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSC. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 683 shares during the last quarter. State of Wyoming bought a new stake in shares of WillScot in the fourth quarter worth about $34,000. Golden State Wealth Management LLC increased its holdings in shares of WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares in the last quarter. CWM LLC increased its holdings in shares of WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after acquiring an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WSC shares. Oppenheimer decreased their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley boosted their price objective on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Robert W. Baird reduced their price objective on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. 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 note 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.63.

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.