SummitTX Capital L.P. Has $2.27 Million Stake in WillScot Holdings Corporation $WSC

SummitTX Capital L.P. increased its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 140.0% during the first quarter, HoldingsChannel reports. The fund owned 130,904 shares of the company’s stock after buying an additional 76,357 shares during the quarter. SummitTX Capital L.P.’s holdings in WillScot were worth $2,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Xponance LLC boosted its stake in shares of WillScot by 3.5% during the fourth quarter. Xponance LLC now owns 14,245 shares of the company’s stock valued at $268,000 after purchasing an additional 478 shares in the last quarter. CWM LLC increased its stake in shares of WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in WillScot by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock valued at $783,000 after buying an additional 600 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after buying an additional 679 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in WillScot by 0.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after buying an additional 714 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bradley Lee Soultz sold 86,421 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the transaction, the director owned 197,595 shares in the company, valued at $5,333,089.05. The trade was a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 155,781 shares of company stock worth $4,205,113 over the last ninety days. 3.40% of the stock is owned by company insiders.

WillScot Stock Performance

NASDAQ:WSC opened at $25.72 on Wednesday. The company has a market capitalization of $4.65 billion, a PE ratio of -67.68, a P/E/G ratio of 1.59 and a beta of 1.32. The company has a 50 day simple moving average of $26.78 and a two-hundred day simple moving average of $22.99. 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 Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $31.88.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $518.17 million. During the same quarter in the previous year, the company earned $0.26 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WSC shares. Citigroup boosted their target price on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 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 shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays boosted their price objective on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Finally, Morgan Stanley increased their price objective on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, WillScot currently has an average rating of “Hold” and a consensus target price of $26.25.

About WillScot

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.