WillScot Holdings Corporation $WSC Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 98.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 20,144 shares of the company’s stock after selling 1,832,465 shares during the quarter. Bessemer Group Inc.’s holdings in WillScot were worth $552,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after purchasing an additional 683 shares during the last quarter. CWM LLC increased its holdings in WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after buying an additional 827 shares during the period. Quarry LP purchased a new position in WillScot during the 1st quarter worth approximately $80,000. Plato Investment Management Ltd acquired a new stake in WillScot during the 1st quarter valued at approximately $99,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of WillScot by 37.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,963 shares of the company’s stock valued at $110,000 after acquiring an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average price of $24.85 per share, with a total value of $49,700.00. Following the purchase, the chief executive officer owned 418,376 shares of the company’s stock, valued at $10,396,643.60. The trade was a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the transaction, the executive vice president owned 54,038 shares of the company’s stock, valued at $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

WSC has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Barclays reduced their price objective on WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 24th. Jefferies Financial Group decreased their price objective on WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a report on Monday, September 29th. Citigroup initiated coverage on WillScot in a report on Monday, October 20th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Morgan Stanley reduced their price target on WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.38.

WillScot Price Performance

NASDAQ:WSC opened at $21.75 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 52 week low of $20.08 and a 52 week high of $42.15. The stock’s 50-day moving average price is $22.49 and its 200-day moving average price is $25.57. The stock has a market capitalization of $3.96 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.10.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. During the same period in the previous year, the company posted $0.39 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.