Live Oak Private Wealth LLC Makes New $4.03 Million Investment in WillScot Holdings Corporation $WSC

Live Oak Private Wealth LLC bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 190,646 shares of the company’s stock, valued at approximately $4,025,000. Live Oak Private Wealth LLC owned 0.10% of WillScot as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. boosted its position in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares during the period. Quarry LP acquired a new position in shares of WillScot during the first quarter valued at $80,000. Plato Investment Management Ltd bought a new position in shares of WillScot during the first quarter worth about $99,000. GAMMA Investing LLC increased its holdings in shares of WillScot by 338.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock worth $112,000 after acquiring an additional 3,157 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of WillScot in the 2nd quarter worth about $131,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on WSC. Baird R W upgraded shares of WillScot from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. Citigroup boosted their price objective on WillScot from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Barclays decreased their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Robert W. Baird set a $22.00 target price on WillScot and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, UBS Group set a $35.00 price target on WillScot in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WillScot currently has an average rating of “Moderate Buy” and an average target price of $26.63.

WillScot Price Performance

Shares of NASDAQ:WSC opened at $19.74 on Monday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.77 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $39.60. The stock’s 50 day moving average price is $19.80 and its 200 day moving average price is $23.42.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. WillScot’s payout ratio is currently 23.14%.

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.