WillScot Holdings Corporation (NASDAQ:WSC) Stock Holdings Lifted by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its position in WillScot Holdings Corporation (NASDAQ:WSC) by 69.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the company’s stock after purchasing an additional 1,614 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in WillScot were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WSC. GAMMA Investing LLC grew its stake 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 in the last quarter. State of Wyoming bought a new stake in shares of WillScot during the 4th quarter worth about $34,000. Golden State Wealth Management LLC boosted its stake in shares of WillScot by 428.2% during the 1st 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 boosted its stake in shares of WillScot by 89.9% during the 1st 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 boosted its stake in shares of WillScot by 28.0% during the 1st 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. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

NASDAQ WSC opened at $24.65 on Friday. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $42.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $4.49 billion, a PE ratio of 41.08, a P/E/G ratio of 2.28 and a beta of 1.20. The stock has a 50-day simple moving average of $28.01 and a 200 day simple moving average of $29.06.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data 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). WillScot had a return on equity of 24.83% and a net margin of 4.66%. The business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period in the prior year, the firm posted $0.39 EPS. WillScot’s revenue for the quarter was down 2.6% on a year-over-year basis. Research analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

The company also recently disclosed 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 is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot’s dividend payout ratio (DPR) is currently 46.67%.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone acquired 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 owned 15,384 shares of the company’s stock, valued at $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz acquired 2,000 shares of WillScot stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $24.85 per share, with a total value of $49,700.00. Following the transaction, the chief executive officer directly owned 418,376 shares in the company, valued at approximately $10,396,643.60. This trade represents a 0.48% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 15,000 shares of company stock valued at $387,650 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WSC shares. William Blair reiterated a “market perform” rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley decreased their price target on WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, DA Davidson decreased their price target on WillScot from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.00.

WillScot Company 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.