Skylands Capital LLC Raises Stock Holdings in WillScot Holdings Corporation $WSC

Skylands Capital LLC raised its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,150 shares of the company’s stock after buying an additional 39,325 shares during the period. Skylands Capital LLC’s holdings in WillScot were worth $5,091,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WSC. First Horizon Advisors Inc. raised its stake in shares of WillScot by 45.1% during 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 last quarter. Nisa Investment Advisors LLC grew its stake in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the last quarter. Bayforest Capital Ltd purchased a new position in WillScot during the 2nd quarter valued at about $131,000. State of Wyoming raised its position in WillScot by 55.8% during the 3rd 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 last quarter. Finally, Engineers Gate Manager LP bought a new position in WillScot during the 2nd quarter valued at approximately $215,000. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Up 1.0%

NASDAQ:WSC opened at $21.85 on Wednesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. The firm’s 50-day moving average price is $20.60 and its 200-day moving average price is $21.67. The company has a market capitalization of $3.98 billion, a PE ratio of 18.06, a P/E/G ratio of 1.96 and a beta of 1.12. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $39.12.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Barclays decreased their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup lifted their price objective on WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, WillScot presently has an average rating of “Hold” and an average target price of $26.88.

WillScot 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.