Ranger Investment Management L.P. Makes New Investment in WillScot Holdings Corporation $WSC

Ranger Investment Management L.P. acquired a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the second quarter, HoldingsChannel reports. The institutional investor acquired 834,433 shares of the company’s stock, valued at approximately $24,082,000. WillScot makes up about 1.5% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 22nd largest position.

Other large investors also recently modified their holdings of the company. Jefferies Financial Group Inc. acquired a new stake in WillScot during the 4th quarter valued at approximately $757,000. Hsbc Holdings PLC raised its position in shares of WillScot by 494.6% in the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock valued at $1,073,000 after purchasing an additional 47,344 shares in the last quarter. Mraz Amerine & Associates Inc. raised its position in shares of WillScot by 65.7% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock valued at $2,038,000 after purchasing an additional 42,915 shares in the last quarter. Clearline Capital LP boosted its stake in shares of WillScot by 79.4% during the 4th quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock valued at $3,030,000 after buying an additional 71,251 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its stake in shares of WillScot by 27.3% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock valued at $136,624,000 after buying an additional 1,686,077 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of NASDAQ WSC opened at $22.14 on Monday. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -58.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. The business has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $23.31.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The firm had revenue of $612.15 million for the quarter, compared to analysts’ expectations of $585.43 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that WillScot Holdings Corporation will post 1.12 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. WillScot’s dividend payout ratio is -73.68%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. 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 report on Tuesday, May 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research report on Friday, May 8th. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.50.

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.