Traders Buy Large Volume of WillScot Call Options (NASDAQ:WSC)

WillScot Holdings Corporation (NASDAQ:WSC) was the target of some unusual options trading on Monday. Investors bought 13,338 call options on the stock. This is an increase of approximately 514% compared to the average volume of 2,171 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of WillScot by 11.0% during the second quarter. GAMMA Investing LLC now owns 5,826 shares of the company’s stock worth $168,000 after acquiring an additional 577 shares in the last quarter. Signaturefd LLC lifted its position in WillScot by 73.6% in the 3rd quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock valued at $30,000 after acquiring an additional 740 shares in the last quarter. Leonteq Securities AG lifted its position in WillScot by 23.1% in the 1st quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock valued at $78,000 after acquiring an additional 841 shares in the last quarter. Empowered Funds LLC boosted its stake in WillScot by 2.2% in the 1st quarter. Empowered Funds LLC now owns 61,390 shares of the company’s stock worth $1,066,000 after purchasing an additional 1,306 shares during the period. Finally, Choreo LLC boosted its stake in WillScot by 11.8% in the 3rd quarter. Choreo LLC now owns 13,676 shares of the company’s stock worth $235,000 after purchasing an additional 1,442 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Stock Performance

Shares of WillScot stock opened at $19.59 on Wednesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $3.55 billion, a P/E ratio of -51.55, a P/E/G ratio of 1.12 and a beta of 1.37. The firm has a 50 day simple moving average of $18.13 and a 200 day simple moving average of $21.86. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $29.77.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Sell-side analysts predict that WillScot will post 1.13 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.4%. WillScot’s dividend payout ratio is presently -73.68%.

Analyst Upgrades and Downgrades

WSC has been the subject of several recent analyst reports. Barclays increased their price objective on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Robert W. Baird dropped their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. UBS Group cut their price target on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Finally, Citigroup reduced their price target on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.86.

WillScot Company Profile

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.