WillScot Holdings Corporation $WSC Stake Lessened by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 11.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 522,060 shares of the company’s stock after selling 70,695 shares during the quarter. Glenmede Trust Co. NA’s holdings in WillScot were worth $9,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Salomon & Ludwin LLC lifted its holdings in shares of WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after buying an additional 679 shares during the last quarter. Parallel Advisors LLC raised its position 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 acquiring an additional 1,238 shares in the last quarter. CWM LLC lifted its stake in WillScot by 37.7% in the fourth 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 last quarter. Danske Bank A S bought a new stake in WillScot in the third quarter worth approximately $44,000. Finally, CIBC Private Wealth Group LLC grew its position in WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bradley Lee Soultz sold 86,421 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the sale, the director owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 155,781 shares of company stock worth $4,205,113 in the last 90 days. Insiders own 3.40% of the company’s stock.

WillScot Trading Up 5.9%

WSC opened at $25.72 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The firm has a 50-day moving average price of $26.80 and a two-hundred day moving average price of $23.07. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $29.77. The stock has a market capitalization of $4.65 billion, a PE ratio of -67.68, a PEG ratio of 1.44 and a beta of 1.33.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) 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 company had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WSC shares. Robert W. Baird set a $26.00 price objective on WillScot in a report on Friday, May 8th. UBS Group assumed coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. Barclays boosted their price objective on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley boosted their target price 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 research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.25.

WillScot 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.