WillScot Holdings Corporation $WSC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in WillScot Holdings Corporation (NASDAQ:WSC) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,854,171 shares of the company’s stock after selling 241,167 shares during the period. Vanguard Group Inc. owned about 0.10% of WillScot worth $376,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WSC. Norges Bank acquired a new stake in WillScot during the second quarter worth approximately $125,126,000. River Road Asset Management LLC increased its stake in shares of WillScot by 75.6% during 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 acquiring an additional 1,237,097 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of WillScot by 26.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after acquiring an additional 645,246 shares during the period. Douglas Lane & Associates LLC boosted its position in shares of WillScot by 33.8% in the third quarter. Douglas Lane & Associates LLC now owns 1,699,982 shares of the company’s stock worth $35,887,000 after acquiring an additional 429,433 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in WillScot by 46.4% in the third quarter. Copeland Capital Management LLC now owns 1,279,936 shares of the company’s stock valued at $27,019,000 after purchasing an additional 405,901 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WSC shares. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. DA Davidson lowered their price target on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley upped their price target on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Oppenheimer lifted their price objective on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.38.

WillScot Trading Up 1.4%

NASDAQ:WSC opened at $22.17 on Friday. The business’s 50-day moving average is $21.01 and its two-hundred day moving average is $21.33. The firm has a market capitalization of $4.03 billion, a PE ratio of -73.90, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $34.31. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. WillScot’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Research analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

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.