2,631,133 Shares in WillScot Holdings Corporation $WSC Purchased by Nykredit A S

Nykredit A S purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) during the second quarter, HoldingsChannel reports. The firm purchased 2,631,133 shares of the company’s stock, valued at approximately $75,934,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ancora Advisors LLC acquired a new stake in shares of WillScot in the second quarter valued at approximately $43,000. Parallel Advisors LLC boosted its stake in shares of WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after acquiring an additional 1,238 shares during the period. CWM LLC increased its holdings in shares of WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the last quarter. Danske Bank A S acquired a new position in shares of WillScot during the 3rd quarter worth approximately $44,000. Finally, CIBC Private Wealth Group LLC raised its stake in WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after acquiring an additional 1,565 shares during the period. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

WSC opened at $19.58 on Thursday. The business has a fifty day simple moving average of $24.83 and a 200 day simple moving average of $23.28. The company has a market capitalization of $3.55 billion, a PE ratio of -51.53, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $29.77. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74.

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

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analysts Set New Price Targets

Several brokerages have issued reports on WSC. Morgan Stanley raised their price target on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Robert W. Baird set a $26.00 price objective on shares of WillScot in a report on Friday, May 8th. Citigroup increased their price objective on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.