Marathon Asset Management Ltd Has $8.93 Million Stock Position in WillScot Holdings Corporation $WSC

Marathon Asset Management Ltd cut its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 8.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 422,827 shares of the company’s stock after selling 40,442 shares during the quarter. Marathon Asset Management Ltd’s holdings in WillScot were worth $8,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of WillScot during the second quarter worth approximately $125,126,000. HG Vora Capital Management LLC acquired a new position in WillScot in the 1st quarter valued at $38,920,000. River Road Asset Management LLC grew its holdings in WillScot by 75.6% in the 2nd quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company’s stock valued at $84,338,000 after buying an additional 1,237,097 shares in the last quarter. Copeland Capital Management LLC bought a new position in WillScot during the 2nd quarter worth $23,949,000. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of WillScot by 33.8% during the third quarter. Douglas Lane & Associates LLC now owns 1,699,982 shares of the company’s stock worth $35,887,000 after buying an additional 429,433 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Trading Up 1.1%

Shares of WillScot stock opened at $19.74 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $39.60. The company has a market capitalization 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 firm’s 50-day moving average price is $19.80 and its two-hundred 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 for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, analysts forecast 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, December 17th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a yield of 1.4%. WillScot’s dividend payout ratio is presently 23.14%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. DA Davidson cut their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays decreased their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group lowered their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, Baird R W upgraded WillScot from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, WillScot has an average rating of “Moderate Buy” and an average price target of $26.63.

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.