Norges Bank purchased a new stake in shares of WillScot Holdings Corporation (NASDAQ:WSC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,173,407 shares of the company’s stock, valued at approximately $40,925,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its position in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after acquiring an additional 679 shares in the last quarter. CWM LLC increased its position in WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares in the last quarter. Danske Bank A S acquired a new stake in WillScot in the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC increased its position 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 in the last quarter. Finally, Leonteq Securities AG acquired a new stake in WillScot in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 95.81% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on WSC shares. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup lifted their target price on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Barclays lifted their target price on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Finally, DA Davidson lowered their target price on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, WillScot presently has an average rating of “Hold” and an average price target of $25.88.
WillScot Stock Up 2.7%
Shares of NASDAQ:WSC opened at $26.91 on Tuesday. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $31.88. The company has a 50 day moving average of $22.48 and a 200-day moving average of $21.03. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -70.82, a P/E/G ratio of 1.56 and a beta of 1.34.
WillScot (NASDAQ:WSC – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The business had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.
WillScot Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. WillScot’s payout ratio is -73.68%.
Insider Activity at WillScot
In related news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total transaction of $111,896.64. Following the completion of the sale, the director directly owned 414,059 shares of the company’s stock, valued at $10,732,409.28. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 155,781 shares of company stock worth $4,205,113 over the last ninety days. 3.10% of the stock is owned by insiders.
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.
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