Levin Capital Strategies L.P. Sells 14,606 Shares of WillScot Holdings Corporation $WSC

Levin Capital Strategies L.P. decreased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 45.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,614 shares of the company’s stock after selling 14,606 shares during the quarter. Levin Capital Strategies L.P.’s holdings in WillScot were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WSC. Baillie Gifford & Co. purchased a new stake in shares of WillScot during the 1st quarter valued at about $145,392,000. Vanguard Group Inc. increased its stake in WillScot by 11.7% during the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock worth $509,811,000 after acquiring an additional 1,924,653 shares during the last quarter. HG Vora Capital Management LLC purchased a new stake in WillScot during the first quarter valued at approximately $38,920,000. Principal Financial Group Inc. raised its position in WillScot by 8,012.5% during the first quarter. Principal Financial Group Inc. now owns 917,765 shares of the company’s stock valued at $25,514,000 after purchasing an additional 906,452 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in shares of WillScot in the 2nd quarter valued at approximately $23,949,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the completion of the transaction, the executive vice president directly owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.

WillScot Stock Performance

Shares of WSC stock opened at $21.59 on Tuesday. The company’s 50 day moving average is $22.43 and its 200 day moving average is $25.58. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 1.94 and a beta of 1.15. WillScot Holdings Corporation has a 52-week low of $20.08 and a 52-week high of $42.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WSC shares. Robert W. Baird cut their target price on WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Barclays lowered their target price on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, September 24th. Citigroup initiated coverage on shares of WillScot in a research report on Monday, October 20th. They issued a “buy” rating and a $28.00 price objective on the stock. UBS Group set a $35.00 price target on WillScot in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.38.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.