WillScot Holdings Corporation $WSC Stock: Van Berkom & Associates Inc. Raises Holdings

Van Berkom & Associates Inc. boosted its position in WillScot Holdings Corporation (NASDAQ:WSC) by 6.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,605,874 shares of the company’s stock after acquiring an additional 155,673 shares during the period. Van Berkom & Associates Inc.’s holdings in WillScot were worth $44,769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Turtle Creek Asset Management Inc. increased its position in WillScot by 27.3% during the first quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock worth $136,624,000 after buying an additional 1,686,077 shares during the last quarter. Nykredit A S acquired a new stake in shares of WillScot in the second quarter valued at approximately $75,934,000. Dimensional Fund Advisors LP boosted its stake in shares of WillScot by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock worth $71,339,000 after acquiring an additional 404,469 shares during the period. Bank of New York Mellon Corp bought a new position in shares of WillScot during the 2nd quarter worth approximately $38,500,000. Finally, Douglas Lane & Associates LLC increased its holdings in shares of WillScot by 5.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,811,269 shares of the company’s stock worth $31,118,000 after acquiring an additional 92,065 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Up 9.4%

WillScot stock opened at $20.63 on Tuesday. The company’s 50-day moving average price is $17.97 and its two-hundred day moving average price is $21.80. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. The stock has a market cap of $3.74 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.12 and a beta of 1.37. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $29.77.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The company had revenue of $601.34 million during the quarter, compared to analysts’ expectations of $586.11 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that WillScot Holdings Corporation will post 1.14 EPS for the current year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 2nd. WillScot’s dividend payout ratio (DPR) is presently -82.35%.

Wall Street Analyst Weigh In

WSC has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on WillScot from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Robert W. Baird reduced their price objective on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Citigroup decreased their price objective on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Bank of America reissued a “buy” rating and issued a $26.00 price objective on shares of WillScot in a research report on Friday. Four 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.11.

WillScot Profile

WillScot provides modular space and portable storage solutions for businesses and organizations across North America. Its customers use the company’s offerings for temporary, relocatable, and permanent space needs across industries including construction, commercial and industrial services, education, government, and energy.

Its products include modular offices and buildings, portable storage containers, and climate-controlled units. WillScot also offers related services and equipment, such as delivery and installation, furnishings, steps, and ramps, to help customers prepare and operate their spaces.

The company expanded its offerings through its 2020 merger with Mobile Mini, which combined WillScot’s modular space business with Mobile Mini’s portable storage operations.