WillScot Holdings Corporation (NASDAQ:WSC) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,101 shares of the company’s stock after acquiring an additional 568 shares during the period. Xponance Inc.’s holdings in WillScot were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in shares of WillScot during the fourth quarter valued at approximately $432,000. Raymond James Financial Inc. acquired a new stake in shares of WillScot during the fourth quarter valued at approximately $8,294,000. Avantax Advisory Services Inc. acquired a new stake in shares of WillScot during the fourth quarter valued at approximately $232,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of WillScot during the fourth quarter valued at approximately $297,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of WillScot by 21.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,220 shares of the company’s stock valued at $877,000 after acquiring an additional 4,620 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent analyst reports. William Blair restated a “market perform” rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley upped their price objective on shares of WillScot from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Finally, Barclays dropped their price objective on shares of 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’s stock. According to data from MarketBeat, WillScot presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.63.

Insider Buying and Selling at WillScot

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

WillScot Stock Performance

Shares of WSC opened at $30.40 on Friday. The company’s fifty day moving average is $28.25 and its 200-day moving average is $30.15. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $43.80. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 337.82, a price-to-earnings-growth 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) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The business had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.92%. WillScot’s dividend payout ratio (DPR) is presently 311.11%.

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.