Royal Bank of Canada Has $2.94 Million Stock Holdings in WillScot Holdings Corporation $WSC

Royal Bank of Canada decreased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC – Free Report) by 85.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,489 shares of the company’s stock after selling 1,031,270 shares during the quarter. Royal Bank of Canada’s holdings in WillScot were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WSC. Jefferies Financial Group Inc. acquired a new position in shares of WillScot in the 4th quarter valued at about $757,000. Hsbc Holdings PLC boosted its holdings in shares of WillScot by 494.6% during the fourth quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after purchasing an additional 47,344 shares during the period. Mraz Amerine & Associates Inc. grew its position in WillScot by 65.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock valued at $2,038,000 after purchasing an additional 42,915 shares in the last quarter. Clearline Capital LP grew its position in WillScot by 79.4% during the fourth quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock valued at $3,030,000 after purchasing an additional 71,251 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in WillScot by 4.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock valued at $59,820,000 after buying an additional 122,229 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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WillScot Stock Performance

WSC opened at $23.76 on Friday. The company has a market cap of $4.30 billion, a PE ratio of -62.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The stock has a 50-day moving average of $26.52 and a 200-day moving average of $23.20. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $29.77. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot (NASDAQ:WSC – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The business had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that WillScot Holdings Corporation will post 1.12 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 2nd. WillScot’s dividend payout ratio (DPR) is -73.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research report on Friday, May 8th. Citigroup boosted their price target on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $26.00 price objective on WillScot in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WillScot has an average rating of “Hold” and a consensus price target of $26.50.

Read Our Latest Analysis on WSC

WillScot Company Profile

(Free Report)

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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