Douglas Lane & Associates LLC Boosts Stake in WillScot Holdings Corporation $WSC

Douglas Lane & Associates LLC increased its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 5.4% in the third quarter, Holdings Channel reports. The firm owned 1,811,269 shares of the company’s stock after buying an additional 92,065 shares during the quarter. Douglas Lane & Associates LLC’s holdings in WillScot were worth $31,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WSC. Tidal Investments LLC lifted its stake in WillScot by 390.6% in the second quarter. Tidal Investments LLC now owns 129,595 shares of the company’s stock valued at $3,740,000 after buying an additional 103,178 shares during the period. Hsbc Holdings PLC grew its position in shares of WillScot by 494.6% during the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after buying an additional 47,344 shares during the period. Nykredit A S bought a new stake in shares of WillScot in the 2nd quarter valued at about $54,063,000. Turtle Creek Asset Management Inc. increased its stake in shares of WillScot by 27.3% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock valued at $136,624,000 after acquiring an additional 1,686,077 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of WillScot in the 2nd quarter valued at approximately $1,453,000. Institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Finally, Citigroup boosted their price target on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WillScot has a consensus rating of “Hold” and an average price target of $27.00.

WillScot Stock Down 0.4%

Shares of NASDAQ:WSC traded down $0.07 during trading on Friday, hitting $16.79. 555,981 shares of the company’s stock traded hands, compared to its average volume of 2,398,760. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -44.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. The company has a 50-day moving average price of $20.42 and a 200-day moving average price of $22.88.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.WillScot’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. As a group, research analysts forecast that WillScot Holdings Corporation will post 1.13 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. WillScot’s dividend payout ratio is currently -73.68%.

WillScot Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and portable storage solutions. The company supplies modular buildings, mobile offices, classrooms, commercial space and storage units for customers in construction, education, healthcare, government, retail and other industries.

WillScot’s services generally include the rental, sale, delivery, installation, relocation and servicing of modular buildings and portable storage products. Its offerings are designed to provide temporary, semi-permanent or expanded space for organizations managing construction projects, renovations, disaster recovery, workforce growth and other changing space requirements.

The company was formed through the combination of WillScot Corporation and Mobile Mini in 2020, bringing together modular workspace and portable storage operations.