Teacher Retirement System of Texas Buys Shares of 27,046 WillScot Holdings Corporation (NASDAQ:WSC)

Teacher Retirement System of Texas bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,046 shares of the company’s stock, valued at approximately $752,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 683 shares during the last quarter. State of Wyoming acquired a new stake in WillScot during the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC boosted its position in WillScot by 428.2% during the first 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 during the last quarter. Fifth Third Bancorp boosted its position in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock worth $66,000 after acquiring an additional 516 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in WillScot by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring an additional 1,113 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WSC shares. William Blair reissued a “market perform” rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley boosted 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 lowered 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WillScot presently has an average rating of “Moderate Buy” and a consensus target price of $40.63.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought 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 directly owned 128,817 shares of the company’s stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone acquired 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

WillScot Stock Performance

WSC stock opened at $30.14 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 334.93, a P/E/G ratio of 1.67 and a beta of 1.24. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $43.80. The firm has a 50 day moving average of $28.00 and a two-hundred day moving average of $30.20.

WillScot (NASDAQ:WSC) last released its 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 net margin of 0.63% and a return on equity of 26.28%. The company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. WillScot’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, June 4th. WillScot’s dividend payout ratio is currently 311.11%.

WillScot 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.