Copeland Capital Management LLC Purchases 97,162 Shares of WillScot Holdings Corporation $WSC

Copeland Capital Management LLC boosted its position in WillScot Holdings Corporation (NASDAQ:WSC) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,377,098 shares of the company’s stock after acquiring an additional 97,162 shares during the period. Copeland Capital Management LLC’s holdings in WillScot were worth $25,931,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Van Berkom & Associates Inc. grew its stake in shares of WillScot by 26.8% during the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after buying an additional 645,246 shares during the last quarter. Live Oak Private Wealth LLC bought a new position in shares of WillScot during the third quarter valued at about $4,025,000. Y Intercept Hong Kong Ltd bought a new position in shares of WillScot during the third quarter valued at about $1,566,000. Envestnet Asset Management Inc. grew its stake in shares of WillScot by 13.9% during the third quarter. Envestnet Asset Management Inc. now owns 549,030 shares of the company’s stock valued at $11,590,000 after buying an additional 66,889 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of WillScot during the fourth quarter valued at about $13,862,000. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Up 3.5%

NASDAQ WSC opened at $22.49 on Friday. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The stock has a market capitalization of $4.07 billion, a PE ratio of -74.97, a PEG ratio of 1.59 and a beta of 1.16. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The business’s 50-day moving average is $19.65 and its 200 day moving average is $20.16.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Sell-side analysts forecast that WillScot Holdings Corporation will post 1.05 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WSC. DA Davidson reduced their price objective on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Morgan Stanley raised their price objective on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Oppenheimer raised their price objective on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen cut WillScot from a “hold” rating to a “sell” rating in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.