Primecap Management Co. CA Has $28.97 Million Holdings in WillScot Holdings Corporation $WSC

Primecap Management Co. CA grew its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 31.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,372,500 shares of the company’s stock after buying an additional 328,700 shares during the period. Primecap Management Co. CA owned 0.75% of WillScot worth $28,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after acquiring an additional 662 shares during the period. Nisa Investment Advisors LLC boosted its position in WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the period. MAI Capital Management increased its holdings in shares of WillScot by 106.2% in the third quarter. MAI Capital Management now owns 6,516 shares of the company’s stock valued at $138,000 after purchasing an additional 3,356 shares during the last quarter. State of Wyoming raised its position in shares of WillScot by 55.8% in the third quarter. State of Wyoming now owns 8,751 shares of the company’s stock valued at $185,000 after purchasing an additional 3,133 shares during the period. Finally, Engineers Gate Manager LP bought a new position in shares of WillScot in the second quarter valued at about $215,000. 95.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WSC has been the topic of a number of research reports. Barclays decreased their price target on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Citigroup increased their target price on WillScot from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley boosted their price target on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Oppenheimer increased their price objective on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, WillScot has an average rating of “Hold” and a consensus target price of $25.38.

WillScot Price Performance

Shares of NASDAQ WSC opened at $21.61 on Friday. The business has a fifty day moving average price of $21.07 and a two-hundred day moving average price of $21.31. The stock has a market capitalization of $3.93 billion, a PE ratio of -72.03, a P/E/G ratio of 1.61 and a beta of 1.12. 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 Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $33.32.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The company had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million. During the same quarter in the previous year, the business posted $0.48 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s dividend payout ratio is -93.33%.

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.