Madison Asset Management LLC Takes Position in WillScot Holdings Corporation $WSC

Madison Asset Management LLC purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,772 shares of the company’s stock, valued at approximately $1,321,000.

A number of other hedge funds have also modified their holdings of WSC. Salomon & Ludwin LLC raised its position in shares of WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the last quarter. CWM LLC grew its holdings in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares during the last quarter. Parallel Advisors LLC grew its holdings in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after buying an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new position in WillScot during the third quarter worth $44,000. Finally, Advisors Asset Management Inc. increased its position in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Price Performance

Shares of NASDAQ:WSC opened at $22.00 on Friday. The company has a market cap of $3.99 billion, a P/E ratio of -57.89, a P/E/G ratio of 1.32 and a beta of 1.33. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $29.77. The business has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $23.30.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The firm had revenue of $612.15 million during the quarter, compared to analyst estimates of $585.43 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that WillScot Holdings Corporation will post 1.12 EPS for the current year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. WillScot’s dividend payout ratio is currently -73.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WSC. Citigroup boosted their price target on WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Monday. Barclays lifted their price objective on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Robert W. Baird set a $26.00 target price on shares of WillScot in a research note on Friday, May 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.50.

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.