Riverbridge Partners LLC Reduces Holdings in WillScot Holdings Corporation $WSC

Riverbridge Partners LLC cut its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 716,222 shares of the company’s stock after selling 33,746 shares during the period. Riverbridge Partners LLC owned about 0.39% of WillScot worth $13,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WSC. Nisa Investment Advisors LLC grew its holdings in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of WillScot by 0.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock valued at $5,092,000 after purchasing an additional 714 shares in the last quarter. Salvus Wealth Management LLC raised its stake in shares of WillScot by 1.5% in the 3rd quarter. Salvus Wealth Management LLC now owns 49,200 shares of the company’s stock valued at $1,039,000 after purchasing an additional 730 shares in the last quarter. Trust Point Inc. lifted its position in shares of WillScot by 10.0% during the third quarter. Trust Point Inc. now owns 10,369 shares of the company’s stock worth $219,000 after purchasing an additional 939 shares during the last quarter. Finally, Creative Planning lifted its position in shares of WillScot by 6.9% during the second quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after purchasing an additional 1,024 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Price Performance

WSC opened at $18.45 on Friday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -61.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The company’s 50-day moving average price is $20.53 and its 200 day moving average price is $20.60. 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 (NASDAQ:WSC) last issued its 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). The company had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. WillScot’s payout ratio is currently -93.33%.

Wall Street Analysts Forecast Growth

WSC has been the subject of several research analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Oppenheimer increased their target price on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Citigroup decreased their target price on WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Barclays boosted their price target on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Finally, Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.50.

WillScot 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.