WillScot Holdings Corporation $WSC Shares Purchased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 119.5% in the 1st quarter, HoldingsChannel reports. The fund owned 260,800 shares of the company’s stock after acquiring an additional 142,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in WillScot were worth $4,527,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WSC. Leonteq Securities AG grew its position in shares of WillScot by 23.1% in the first quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock valued at $78,000 after purchasing an additional 841 shares during the period. Pictet Asset Management Holding SA lifted its position in WillScot by 8.8% during the first quarter. Pictet Asset Management Holding SA now owns 31,618 shares of the company’s stock worth $549,000 after buying an additional 2,569 shares during the period. Louisiana State Employees Retirement System purchased a new position in WillScot during the first quarter worth about $1,401,000. SG Americas Securities LLC lifted its position in WillScot by 82.7% during the first quarter. SG Americas Securities LLC now owns 35,546 shares of the company’s stock worth $617,000 after buying an additional 16,092 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in WillScot by 494.6% in the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after buying an additional 47,344 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity

In related news, Director Bradley Lee Soultz sold 4,317 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the transaction, the director owned 414,059 shares in the company, valued at approximately $10,732,409.28. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 155,781 shares of company stock worth $4,205,113 over the last 90 days. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSC. Barclays raised their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, May 15th. Morgan Stanley increased their price target on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. UBS Group began coverage on shares of WillScot in a report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price target on the stock. Robert W. Baird set a $26.00 price target on shares of WillScot in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Three equities 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 MarketBeat, WillScot presently has an average rating of “Hold” and an average target price of $25.88.

WillScot Stock Performance

Shares of WSC stock opened at $26.66 on Friday. The company’s fifty day simple moving average is $26.01 and its 200-day simple moving average is $22.14. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The company has a market cap of $4.82 billion, a PE ratio of -70.16, a P/E/G ratio of 1.59 and a beta of 1.32.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $518.17 million. During the same period in the prior year, the company earned $0.26 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. WillScot’s dividend payout ratio (DPR) is currently -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.