WillScot Holdings Corporation $WSC Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,317,291 shares of the company’s stock after selling 145,667 shares during the quarter. William Blair Investment Management LLC owned 2.92% of WillScot worth $112,248,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Primecap Management Co. CA boosted its position in WillScot by 31.5% in the third quarter. Primecap Management Co. CA now owns 1,372,500 shares of the company’s stock valued at $28,973,000 after buying an additional 328,700 shares during the last quarter. MAI Capital Management raised its holdings in shares of WillScot by 106.2% during the third quarter. MAI Capital Management now owns 6,516 shares of the company’s stock worth $138,000 after purchasing an additional 3,356 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in WillScot in the third quarter valued at $622,000. Tredje AP fonden grew its position in WillScot by 38.5% during the 3rd quarter. Tredje AP fonden now owns 37,122 shares of the company’s stock worth $784,000 after purchasing an additional 10,317 shares during the period. Finally, CenterBook Partners LP raised its stake in shares of WillScot by 36.3% during the 3rd quarter. CenterBook Partners LP now owns 30,564 shares of the company’s stock valued at $645,000 after buying an additional 8,144 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Barclays lowered their price target on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.38.

WillScot Stock Performance

WSC opened at $21.61 on Friday. The firm’s fifty day simple moving average is $21.07 and its two-hundred day simple moving average is $21.29. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $33.32. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -72.03, a PEG ratio of 1.57 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The company had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, March 4th. WillScot’s payout ratio is presently -93.33%.

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.