Granahan Investment Management LLC Increases Stake in WillScot Holdings Corporation $WSC

Granahan Investment Management LLC lifted its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 48.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 297,852 shares of the company’s stock after purchasing an additional 97,405 shares during the quarter. Granahan Investment Management LLC’s holdings in WillScot were worth $5,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC raised its position 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 during the last quarter. CWM LLC raised its position in shares of 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 purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC raised its position in shares of WillScot by 149.9% in 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 last quarter. Danske Bank A S purchased a new position in shares of WillScot in the 3rd quarter valued at approximately $44,000. Finally, Advisors Asset Management Inc. raised its position in shares of WillScot by 160.4% in 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 last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on WSC shares. Barclays increased their price objective on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. William Blair reissued a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. DA Davidson reduced their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Oppenheimer reissued an “outperform” rating and set a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.88.

Insider Activity at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director owned 414,059 shares of the company’s stock, valued at $10,732,409.28. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 155,781 shares of company stock worth $4,205,113. 3.10% of the stock is owned by company insiders.

WillScot Stock Performance

WSC opened at $28.43 on Wednesday. The firm has a market capitalization of $5.14 billion, a PE ratio of -74.82, a P/E/G ratio of 1.68 and a beta of 1.34. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $31.88. The firm has a 50 day moving average of $23.74 and a two-hundred day moving average of $21.45. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00.

WillScot (NASDAQ:WSC) last issued 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. The business had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders 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 dividend payout ratio (DPR) is presently -73.68%.

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.