GAMMA Investing LLC Acquires 683 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

GAMMA Investing LLC raised its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 273.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 933 shares of the company’s stock after purchasing an additional 683 shares during the quarter. GAMMA Investing LLC’s holdings in WillScot were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sciencast Management LP raised its holdings in shares of WillScot by 0.9% in the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after acquiring an additional 491 shares in the last quarter. State of Wyoming bought a new stake in shares of WillScot in the 4th quarter valued at about $34,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of WillScot by 0.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company’s stock valued at $11,537,000 after purchasing an additional 1,070 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of WillScot by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its holdings in shares of WillScot by 2.4% in the 1st quarter. Salvus Wealth Management LLC now owns 48,890 shares of the company’s stock valued at $1,359,000 after purchasing an additional 1,145 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Activity at WillScot

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

WillScot Stock Down 0.9%

Shares of WSC opened at $30.40 on Friday. 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 12 month low of $21.91 and a 12 month high of $43.80. The stock’s 50 day moving average is $27.94 and its two-hundred day moving average is $30.28. The firm has a market cap of $5.54 billion, a P/E ratio of 337.82, a PEG ratio of 1.68 and a beta of 1.24.

WillScot (NASDAQ:WSC) last announced its 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 company had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, June 4th. WillScot’s dividend payout ratio is currently 311.11%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WSC shares. Morgan Stanley boosted their target price on shares of WillScot from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Barclays reduced their price objective on shares of WillScot from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Finally, William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, WillScot currently has an average rating of “Moderate Buy” and an average target price of $40.63.

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.