Legal & General Group Plc Sells 21,239 Shares of WillScot Holdings Corporation $WSC

Legal & General Group Plc cut its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 472,223 shares of the company’s stock after selling 21,239 shares during the quarter. Legal & General Group Plc’s holdings in WillScot were worth $8,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. lifted its stake in shares of WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after buying an additional 3,645,350 shares during the last quarter. Victory Capital Management Inc. grew its stake in WillScot by 4,964.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock valued at $34,432,000 after buying an additional 1,598,863 shares during the last quarter. Diversified Management Inc. bought a new position in WillScot in the 4th quarter valued at about $17,651,000. UBS Group AG raised its holdings in WillScot by 135.4% in the 4th quarter. UBS Group AG now owns 1,592,913 shares of the company’s stock valued at $29,995,000 after acquiring an additional 916,313 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in WillScot during the fourth quarter worth approximately $13,862,000. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In related news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the transaction, the director owned 414,059 shares in the company, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 155,781 shares of company stock worth $4,205,113. Corporate insiders own 3.10% of the company’s stock.

WillScot Stock Up 2.2%

Shares of WSC opened at $26.48 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The firm’s 50 day moving average is $22.16 and its 200-day moving average is $20.88. The stock has a market capitalization of $4.79 billion, a PE ratio of -69.68, a P/E/G ratio of 1.54 and a beta of 1.34.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The business had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s dividend payout ratio is -73.68%.

Analyst Ratings Changes

Several research firms have recently commented on WSC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Oppenheimer reissued an “outperform” rating and set a $29.00 price target on shares of WillScot in a report on Friday, May 8th. DA Davidson reduced their price target on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Citigroup upped their price objective on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, UBS Group started coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.88.

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.