OMERS ADMINISTRATION Corp Acquires New Position in WillScot Holdings Corporation $WSC

OMERS ADMINISTRATION Corp acquired a new stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,400 shares of the company’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. purchased a new stake in shares of WillScot during the 4th quarter valued at approximately $757,000. Hsbc Holdings PLC grew its stake in WillScot by 494.6% in the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock valued at $1,073,000 after buying an additional 47,344 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in WillScot by 4.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock valued at $59,820,000 after buying an additional 122,229 shares in the last quarter. Mraz Amerine & Associates Inc. raised its holdings in WillScot by 65.7% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock valued at $2,038,000 after acquiring an additional 42,915 shares during the period. Finally, Clearline Capital LP raised its holdings in WillScot by 79.4% during the 4th quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock valued at $3,030,000 after acquiring an additional 71,251 shares during the period. Institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total value of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares in the company, valued at $5,333,089.05. This represents a 30.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 155,781 shares of company stock valued at $4,205,113. 3.40% of the stock is owned by corporate insiders.

WillScot Stock Up 1.0%

Shares of NASDAQ:WSC opened at $24.28 on Friday. The firm has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $23.03. The company 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 company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $30.05.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors 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 payout ratio is presently -73.68%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WSC. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Barclays lifted their price target on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Robert W. Baird set a $26.00 price objective on WillScot in a research note on Friday, May 8th. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Oppenheimer reissued an “outperform” rating and set a $29.00 price objective on shares of WillScot in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WillScot currently has an average rating of “Hold” and an average target price of $26.25.

WillScot Company 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.