WillScot Holdings Corporation $WSC Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. lessened its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 780,599 shares of the company’s stock after selling 26,595 shares during the period. Ranger Investment Management L.P.’s holdings in WillScot were worth $16,478,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its holdings in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after acquiring an additional 662 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of WillScot by 22.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after purchasing an additional 543 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of WillScot in the second quarter valued at about $131,000. State of Wyoming lifted its stake in shares of WillScot by 55.8% in the third quarter. State of Wyoming now owns 8,751 shares of the company’s stock valued at $185,000 after purchasing an additional 3,133 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in WillScot during the second quarter worth about $215,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WSC. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price (down from $37.00) on shares of WillScot in a report on Thursday, November 13th. Barclays dropped their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. DA Davidson decreased their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 target price (up previously from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Finally, Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WillScot has a consensus rating of “Hold” and an average price target of $26.88.

WillScot Stock Performance

WillScot stock opened at $21.45 on Friday. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $39.12. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.94 and a beta of 1.12. The stock has a fifty day moving average of $20.48 and a two-hundred day moving average of $21.98. 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 (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million for the quarter, compared to analyst estimates of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

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.