Oak Thistle LLC Acquires New Position in WillScot Holdings Corporation $WSC

Oak Thistle LLC acquired a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 78,134 shares of the company’s stock, valued at approximately $1,649,000.

A number of other institutional investors have also bought and sold shares of WSC. Norges Bank purchased a new stake in shares of WillScot in the second quarter valued at approximately $125,126,000. HG Vora Capital Management LLC acquired a new position in WillScot during the first quarter worth $38,920,000. River Road Asset Management LLC grew its holdings in WillScot by 75.6% in the 2nd quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company’s stock valued at $84,338,000 after buying an additional 1,237,097 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of WillScot in the 2nd quarter worth $23,949,000. Finally, Nuveen LLC purchased a new position in shares of WillScot during the 1st quarter worth $14,736,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson dropped their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays dropped their price target on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Baird R W upgraded shares of WillScot from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Robert W. Baird set a $22.00 price objective on WillScot and gave the stock an “outperform” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.63.

WillScot Price Performance

WillScot stock opened at $19.16 on Thursday. The company’s 50 day simple moving average is $20.16 and its 200-day simple moving average is $23.87. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $39.60. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a yield of 1.5%. WillScot’s dividend payout ratio is presently 23.14%.

WillScot Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.