OMERS ADMINISTRATION Corp Buys Shares of 25,400 WillScot Holdings Corporation $WSC

OMERS ADMINISTRATION Corp purchased a new position in WillScot Holdings Corporation (NASDAQ:WSC) in the first quarter, HoldingsChannel reports. The institutional investor purchased 25,400 shares of the company’s stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Turtle Creek Asset Management Inc. increased its holdings in shares of WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after buying an additional 3,645,350 shares during the last quarter. State Street Corp lifted its holdings in shares of WillScot by 1.4% during the 4th quarter. State Street Corp now owns 5,774,998 shares of the company’s stock worth $108,743,000 after acquiring an additional 80,713 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of WillScot by 334.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after acquiring an additional 4,250,951 shares during the last quarter. Capital International Investors grew its position in WillScot by 10.8% in the fourth quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock worth $103,368,000 after acquiring an additional 536,511 shares in the last quarter. Finally, Coliseum Capital Management LLC grew its position in WillScot by 70.7% in the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after acquiring an additional 2,117,247 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WSC. Robert W. Baird set a $26.00 target price on WillScot in a research note on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price target on shares of WillScot in a research note on Friday, May 8th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays increased their price objective on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Finally, UBS Group assumed coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.25.

Insider Transactions at WillScot

In other 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 transaction of $111,896.64. Following the transaction, the director directly owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 155,781 shares of company stock worth $4,205,113 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

WillScot Trading Up 1.0%

Shares of WSC opened at $24.28 on Friday. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $30.05. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -63.89, a PEG ratio of 1.43 and a beta of 1.32. The firm has a 50 day moving average price of $26.78 and a 200-day moving average price of $23.03. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. As a group, equities research analysts forecast that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Announces Dividend

The firm 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. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, June 3rd. WillScot’s dividend payout ratio is presently -73.68%.

WillScot Profile

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.