Clearline Capital LP Has $1.89 Million Stock Holdings in WillScot Holdings Corporation $WSC

Clearline Capital LP lowered its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 83.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,689 shares of the company’s stock after selling 450,688 shares during the period. Clearline Capital LP’s holdings in WillScot were worth $1,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WSC. Nisa Investment Advisors LLC grew its position in WillScot by 22.9% in the third 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 last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of WillScot by 0.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after acquiring an additional 714 shares during the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of WillScot by 1.5% in the third quarter. Salvus Wealth Management LLC now owns 49,200 shares of the company’s stock worth $1,039,000 after acquiring an additional 730 shares during the last quarter. Trust Point Inc. boosted its stake in shares of WillScot by 10.0% in 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 in the last quarter. Finally, Creative Planning boosted its stake in shares of WillScot by 6.9% in the 2nd quarter. Creative Planning now owns 15,814 shares of the company’s stock valued at $433,000 after purchasing an additional 1,024 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Price Performance

Shares of NASDAQ WSC opened at $17.99 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of -59.97, a P/E/G ratio of 1.31 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 Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88. The firm has a fifty day simple moving average of $21.18 and a 200 day simple moving average of $20.97.

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 negative net margin of 2.32% and a positive return on equity of 20.42%. The firm had revenue of $565.97 million for the quarter, compared to the consensus estimate of $545.34 million. During the same period last year, the company posted $0.48 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.6%. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. DA Davidson lowered 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. Morgan Stanley raised their target price on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. William Blair reiterated a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays raised their price objective on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, WillScot currently has an average rating of “Hold” and a consensus target price of $25.50.

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.