Aristotle Capital Boston LLC boosted its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC – Free Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,034 shares of the company’s stock after purchasing an additional 27,362 shares during the period. Aristotle Capital Boston LLC’s holdings in WillScot were worth $9,566,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC increased its holdings in 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 purchasing an additional 679 shares during the period. CWM LLC increased its holdings in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after purchasing an additional 567 shares during the period. Parallel Advisors LLC increased its holdings in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the period. Danske Bank A S purchased a new position in WillScot during the 3rd quarter valued at about $44,000. Finally, Advisors Asset Management Inc. increased its holdings in WillScot by 160.4% during the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.
WillScot Stock Performance
Shares of WSC opened at $27.84 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The business’s 50 day moving average price is $23.93 and its 200-day moving average price is $21.51. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88. The stock has a market cap of $5.03 billion, a P/E ratio of -73.26, a P/E/G ratio of 1.69 and a beta of 1.34.
WillScot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s payout ratio is currently -73.68%.
Insider Activity at WillScot
In other news, Director Bradley Lee Soultz sold 4,317 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 155,781 shares of company stock valued at $4,205,113. Insiders own 3.10% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group assumed coverage on WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Morgan Stanley lifted their price objective on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Citigroup lifted their price objective on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, WillScot currently has a consensus rating of “Hold” and an average target price of $25.88.
Read Our Latest Stock Analysis on WSC
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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