Natixis Advisors LLC Purchases 28,590 Shares of WillScot Holdings Corporation $WSC

Natixis Advisors LLC raised its position in WillScot Holdings Corporation (NASDAQ:WSC) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,375 shares of the company’s stock after buying an additional 28,590 shares during the quarter. Natixis Advisors LLC owned about 0.11% of WillScot worth $3,641,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its stake in shares of 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 purchasing an additional 679 shares in the last quarter. CWM LLC boosted its position in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the period. Danske Bank A S acquired a new stake in WillScot during the 3rd quarter worth approximately $44,000. CIBC Private Wealth Group LLC boosted its position in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after buying an additional 1,565 shares during the period. Finally, Leonteq Securities AG acquired a new stake in WillScot during the 4th quarter worth approximately $68,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on WSC shares. William Blair reiterated a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $26.00 target price on shares of WillScot in a research report on Friday, May 8th. Barclays lifted their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, May 15th. Finally, UBS Group started coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price on the stock. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.88.

WillScot Stock Up 2.3%

Shares of NASDAQ WSC opened at $27.53 on Wednesday. The company has a market capitalization of $4.98 billion, a P/E ratio of -72.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $31.88. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The company’s 50 day moving average price is $22.69 and its 200-day moving average price is $21.11.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. Equities analysts forecast that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $0.07 dividend. The ex-dividend date 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 Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total value of $111,896.64. Following the completion of the sale, the director owned 414,059 shares in the company, valued at $10,732,409.28. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 155,781 shares of company stock valued at $4,205,113. Insiders own 3.10% of the company’s stock.

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.