80,700 Shares in WillScot Holdings Corporation $WSC Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in WillScot Holdings Corporation (NASDAQ:WSCFree Report) during the first quarter, HoldingsChannel.com reports. The firm bought 80,700 shares of the company’s stock, valued at approximately $1,401,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xponance LLC grew its stake in shares of WillScot by 3.5% during the fourth quarter. Xponance LLC now owns 14,245 shares of the company’s stock worth $268,000 after buying an additional 478 shares during the last quarter. CWM LLC increased its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of WillScot by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock worth $783,000 after acquiring an additional 600 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of WillScot by 0.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock valued at $5,092,000 after acquiring an additional 714 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WSC. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Morgan Stanley boosted their target price on WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group started coverage on WillScot in a research note on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $29.00 price objective on shares of WillScot in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, WillScot currently has an average rating of “Hold” and an average price target of $25.88.

View Our Latest Analysis on WillScot

WillScot Trading Down 2.6%

NASDAQ WSC opened at $26.66 on Friday. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The stock’s 50-day simple moving average is $25.91 and its two-hundred day simple moving average is $22.11. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -70.16, a PEG ratio of 1.63 and a beta of 1.32.

WillScot (NASDAQ:WSCGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same period in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 1.1%. WillScot’s dividend payout ratio is presently -73.68%.

Insider Buying and Selling at WillScot

In related news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the sale, the director directly owned 414,059 shares of the company’s stock, valued at $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 155,781 shares of company stock worth $4,205,113 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

About WillScot

(Free Report)

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.

Further Reading

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSCFree Report).

Institutional Ownership by Quarter for WillScot (NASDAQ:WSC)

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