Y Intercept Hong Kong Ltd Takes Position in WillScot Holdings Corporation $WSC

Y Intercept Hong Kong Ltd acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 74,201 shares of the company’s stock, valued at approximately $1,566,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Baird Financial Group Inc. lifted its holdings in shares of WillScot by 74.6% during the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock worth $7,525,000 after buying an additional 117,309 shares during the last quarter. Westfield Capital Management Co. LP increased its position in WillScot by 2.1% during the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after acquiring an additional 57,946 shares during the period. Allianz Asset Management GmbH increased its position in WillScot by 620.3% during the second quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock worth $1,855,000 after acquiring an additional 58,305 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in WillScot during the 2nd quarter valued at $1,339,000. Finally, Oak Thistle LLC bought a new stake in WillScot in the 3rd quarter valued at $1,649,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Trading Down 0.8%

WSC stock opened at $20.03 on Friday. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $39.12. The firm has a market cap of $3.64 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.83 and a beta of 1.11. The business’s 50 day moving average is $20.38 and its 200-day moving average is $22.25. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. During the same quarter last year, the company earned $0.38 EPS. WillScot’s revenue was down 5.8% on a year-over-year basis. Equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. WillScot’s dividend payout ratio (DPR) is 23.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WSC. Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Citigroup upped their price target on WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Robert W. Baird reissued a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Finally, Barclays lowered their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WillScot presently has a consensus rating of “Hold” and a consensus price target of $26.88.

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.