Douglass Winthrop Advisors LLC Sells 35,536 Shares of WillScot Holdings Corporation $WSC

Douglass Winthrop Advisors LLC reduced its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 24.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,812 shares of the company’s stock after selling 35,536 shares during the quarter. Douglass Winthrop Advisors LLC owned about 0.06% of WillScot worth $2,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after acquiring an additional 543 shares during the period. MAI Capital Management boosted 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 worth $138,000 after acquiring an additional 3,356 shares during the period. State of Wyoming grew 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 in the last quarter. Engineers Gate Manager LP bought a new stake in shares of WillScot during the 2nd quarter valued at $215,000. Finally, Trust Point Inc. raised its stake in shares of WillScot by 10.0% during the 3rd quarter. Trust Point Inc. now owns 10,369 shares of the company’s stock valued at $219,000 after purchasing an additional 939 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Price Performance

Shares of NASDAQ WSC opened at $19.32 on Thursday. The stock’s 50-day simple moving average is $21.21 and its two-hundred day simple moving average is $21.06. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88. The firm has a market capitalization of $3.49 billion, a P/E ratio of -64.40, a P/E/G ratio of 1.41 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last issued its quarterly 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). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business had revenue of $565.97 million for the quarter, compared to the consensus estimate of $545.34 million. During the same quarter last year, the business posted $0.48 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.4%. WillScot’s payout ratio is presently -93.33%.

Analysts Set New Price Targets

Several brokerages have commented on WSC. Morgan Stanley raised their target price on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen cut WillScot from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. DA Davidson cut their price objective on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Citigroup reduced their price objective on shares of WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Finally, Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.50.

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.