Dimensional Fund Advisors LP Purchases 404,469 Shares of WillScot Holdings Corporation $WSC

Dimensional Fund Advisors LP grew its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,110,002 shares of the company’s stock after buying an additional 404,469 shares during the period. Dimensional Fund Advisors LP’s holdings in WillScot were worth $71,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its holdings in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares during the last quarter. CWM LLC raised its stake in WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares during the period. Parallel Advisors LLC lifted its holdings in WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new stake in WillScot during the third quarter valued at about $44,000. Finally, Advisors Asset Management Inc. boosted its position in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after purchasing an additional 1,824 shares during the period. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

Shares of WSC opened at $24.28 on Friday. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $30.05. The stock’s 50-day simple moving average is $26.78 and its 200 day simple moving average is $23.03. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -63.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32.

WillScot (NASDAQ:WSC) last posted its 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 positive return on equity of 20.65% and a negative net margin of 2.99%.The business had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is -73.68%.

Insider Activity at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the completion of the transaction, the director owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. The trade was a 30.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 155,781 shares of company stock valued at $4,205,113 in the last three months. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on WSC. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $26.00 price target on shares of WillScot in a research note on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of WillScot in a report on Friday, May 8th. UBS Group initiated coverage on shares of WillScot in a report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.25.

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.