WillScot Holdings Corporation (NASDAQ:WSC) Director Dominick P. Zarcone Purchases 10,000 Shares

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction on Tuesday, June 17th. The stock was bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director now directly owns 15,384 shares in the company, 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 SEC, which can be accessed through this hyperlink.

WillScot Stock Down 0.7%

Shares of WillScot stock traded down $0.19 on Wednesday, hitting $25.94. The company had a trading volume of 3,113,788 shares, compared to its average volume of 2,689,363. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.43 and a beta of 1.25. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $43.80. The stock has a 50 day moving average of $26.63 and a 200-day moving average of $31.25. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. WillScot had a return on equity of 26.28% and a net margin of 0.63%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot's payout ratio is 311.11%.

Institutional Trading of WillScot

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in WillScot by 11.7% during the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock valued at $509,811,000 after purchasing an additional 1,924,653 shares during the period. Franklin Resources Inc. boosted its holdings in shares of WillScot by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after acquiring an additional 2,639,559 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of WillScot by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after acquiring an additional 664,805 shares during the period. FMR LLC boosted its holdings in shares of WillScot by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after acquiring an additional 595,063 shares during the period. Finally, Capital International Investors boosted its holdings in shares of WillScot by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after acquiring an additional 897,184 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Oppenheimer reduced their price target on WillScot from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Robert W. Baird reduced their price target on WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Barclays dropped 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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