Sei Investments Co. Increases Stock Position in WillScot Holdings Corporation $WSC

Sei Investments Co. boosted its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 23.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 453,721 shares of the company’s stock after buying an additional 86,063 shares during the period. Sei Investments Co.’s holdings in WillScot were worth $7,877,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its holdings in shares of WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares during the last quarter. CWM LLC lifted its holdings in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after purchasing an additional 567 shares in the last quarter. Danske Bank A S bought a new position in shares of WillScot during the third quarter valued at $44,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of WillScot by 130.3% during the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after buying an additional 1,565 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director directly owned 414,059 shares in the company, valued at $10,732,409.28. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 155,781 shares of company stock worth $4,205,113. 3.40% of the stock is owned by company insiders.

WillScot Stock Performance

Shares of NASDAQ:WSC opened at $24.28 on Monday. The stock has a 50 day moving average of $26.78 and a 200 day moving average of $23.04. The company has a market cap of $4.39 billion, a PE ratio of -63.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.33. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $30.05. 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 (NASDAQ:WSC) last released its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The company had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. During the same quarter last year, the business earned $0.26 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot’s dividend payout ratio is -73.68%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WSC. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup upped their target price on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. UBS Group initiated coverage on shares of WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. Robert W. Baird set a $26.00 price target on shares of WillScot in a research note on Friday, May 8th. Finally, Morgan Stanley boosted their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.25.

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.