Capital International Investors Acquires 536,511 Shares of WillScot Holdings Corporation $WSC

Capital International Investors lifted its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 10.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,489,528 shares of the company’s stock after purchasing an additional 536,511 shares during the period. Capital International Investors’ holdings in WillScot were worth $103,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WSC. Turtle Creek Asset Management Inc. lifted its stake in shares of WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after purchasing an additional 3,645,350 shares during the period. Norges Bank purchased a new stake in WillScot in the 4th quarter worth approximately $40,925,000. Victory Capital Management Inc. increased its holdings in WillScot by 4,964.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock worth $34,432,000 after acquiring an additional 1,598,863 shares in the last quarter. Diversified Management Inc. purchased a new stake in WillScot in the 4th quarter worth approximately $17,651,000. Finally, UBS Group AG increased its holdings in WillScot by 135.4% in the 4th quarter. UBS Group AG now owns 1,592,913 shares of the company’s stock worth $29,995,000 after acquiring an additional 916,313 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Friday, May 15th. DA Davidson reduced their target price on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Citigroup increased their target price on shares of WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. UBS Group started coverage on shares of WillScot in a report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, William Blair restated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. 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 company’s stock. According to data from MarketBeat, WillScot currently has a consensus rating of “Hold” and a consensus target price of $25.88.

WillScot Stock Up 2.7%

Shares of WSC opened at $26.91 on Tuesday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of -70.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.34. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The business’s 50 day simple moving average is $22.48 and its 200-day simple moving average is $21.03. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. As a group, equities analysts expect that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s dividend payout ratio is -73.68%.

Insider Activity

In other news, Director Bradley Lee Soultz sold 4,317 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director directly owned 414,059 shares of the company’s stock, valued at $10,732,409.28. This represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 155,781 shares of company stock worth $4,205,113. 3.10% of the stock is owned by corporate insiders.

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.