WillScot Holdings Corporation $WSC Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 384,873 shares of the company’s stock after selling 37,954 shares during the period. Marathon Asset Management Ltd’s holdings in WillScot were worth $7,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WSC. Royal Bank of Canada boosted its position in WillScot by 24.6% during the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock worth $936,000 after acquiring an additional 6,651 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in WillScot by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after purchasing an additional 8,963 shares during the last quarter. Creative Planning increased its position in WillScot by 6.9% during the second quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after purchasing an additional 1,024 shares during the last quarter. American Century Companies Inc. increased its position in WillScot by 3.0% during the second quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock worth $1,282,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in WillScot by 48.8% during the second quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock worth $320,000 after purchasing an additional 3,827 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC opened at $22.86 on Wednesday. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $31.88. The stock has a market cap of $4.13 billion, a PE ratio of -60.16, a P/E/G ratio of 1.43 and a beta of 1.31. The firm has a 50-day simple moving average of $20.46 and a two-hundred day simple moving average of $20.38. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analyst Ratings Changes

WSC has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective for the company. Barclays raised their price objective on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. William Blair restated a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Finally, Morgan Stanley raised their price objective on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.88.

Insider Buying and Selling at WillScot

In other WillScot news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total transaction of $111,896.64. Following the completion of the sale, the director directly owned 414,059 shares in the company, valued at $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 155,781 shares of company stock worth $4,205,113 in the last ninety days. 3.10% of the stock is owned by company insiders.

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.