WillScot Holdings Corporation $WSC Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 31.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 431,329 shares of the company’s stock after selling 194,905 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in WillScot were worth $9,105,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. First Horizon Advisors Inc. increased 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 buying an additional 662 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares in the last quarter. MAI Capital Management boosted its stake in shares of WillScot by 106.2% during the 3rd quarter. MAI Capital Management now owns 6,516 shares of the company’s stock worth $138,000 after acquiring an additional 3,356 shares in the last quarter. State of Wyoming grew its position in shares of 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 acquiring an additional 3,133 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of WillScot in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Trading Up 2.8%

WSC stock opened at $19.80 on Tuesday. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $31.88. The business’s 50-day moving average is $21.19 and its 200 day moving average is $21.11. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -66.00, a PEG ratio of 1.40 and a beta of 1.08.

WillScot (NASDAQ:WSC) last announced 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). The firm had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. WillScot’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. On average, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s dividend payout ratio is currently -93.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen cut WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Barclays upped their target price on WillScot from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday. DA Davidson decreased their target price on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Finally, Morgan Stanley lifted their price target on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.50.

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.