Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in WillScot Holdings Corporation $WSC

Mitsubishi UFJ Trust & Banking Corp lowered its position in WillScot Holdings Corporation (NASDAQ:WSC) by 24.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,588 shares of the company’s stock after selling 50,486 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of WillScot worth $3,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. raised its holdings in shares of WillScot by 74.6% in the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after acquiring an additional 117,309 shares in the last quarter. Westfield Capital Management Co. LP increased its position in WillScot by 2.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock valued at $78,392,000 after purchasing an additional 57,946 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of WillScot by 620.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock valued at $1,855,000 after purchasing an additional 58,305 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $1,339,000. Finally, Oak Thistle LLC bought a new position in shares of WillScot during the third quarter valued at approximately $1,649,000. 95.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WSC shares. DA Davidson reduced their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (down from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.88.

WillScot Trading Down 0.2%

WillScot stock opened at $20.19 on Friday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market cap of $3.67 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. The stock has a 50-day moving average of $20.34 and a two-hundred day moving average of $22.32. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $39.12.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million during the quarter, compared to analyst estimates of $583.52 million. During the same period last year, the firm posted $0.38 EPS. WillScot’s revenue was down 5.8% on a year-over-year basis. On average, research analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. WillScot’s payout ratio is currently 23.14%.

WillScot Company 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.