WillScot Holdings Corporation (NASDAQ:WSC) Shares Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC boosted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,341 shares of the company’s stock after buying an additional 4,014 shares during the period. Dynasty Wealth Management LLC’s holdings in WillScot were worth $593,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Kintayl Capital LP purchased a new position in WillScot in the first quarter worth approximately $1,377,000. Victory Capital Management Inc. boosted its position in shares of WillScot by 46.7% during the first quarter. Victory Capital Management Inc. now owns 32,603 shares of the company’s stock worth $906,000 after buying an additional 10,384 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of WillScot by 5.0% during the first quarter. TimesSquare Capital Management LLC now owns 869,030 shares of the company’s stock worth $24,159,000 after buying an additional 41,085 shares during the period. CWM LLC raised its stake in shares of WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after acquiring an additional 827 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of WillScot in the first quarter valued at $2,419,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other WillScot news, CEO Bradley Lee Soultz acquired 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer owned 128,817 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone acquired 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average cost of $26.19 per share, with a total value of $261,900.00. Following the purchase, the director owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their position. 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 stock opened at $30.37 on Friday. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. WillScot Holdings Corporation has a one year low of $21.91 and a one year high of $43.80. The company’s 50-day simple moving average is $28.18 and its 200-day simple moving average is $30.17. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 337.48, a PEG ratio of 1.63 and a beta of 1.24.

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 net margin of 0.63% and a return on equity of 26.28%. The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the previous year, the business posted $0.29 EPS. WillScot’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 0.92%. The ex-dividend date was Wednesday, June 4th. WillScot’s payout ratio is 311.11%.

About WillScot

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.