WillScot Holdings Corporation $WSC Stock: State of Alaska Department of Revenue Cuts Position

State of Alaska Department of Revenue cut its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 56.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,439 shares of the company’s stock after selling 40,042 shares during the period. State of Alaska Department of Revenue’s holdings in WillScot were worth $522,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. NorthCrest Asset Manangement LLC purchased a new position in WillScot in the third quarter worth $174,000. Douglas Lane & Associates LLC increased its position in shares of WillScot by 5.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,811,269 shares of the company’s stock valued at $31,118,000 after purchasing an additional 92,065 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of WillScot by 620.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock valued at $30,000 after purchasing an additional 1,514 shares during the last quarter. Tidal Investments LLC increased its position in shares of WillScot by 390.6% during the 2nd quarter. Tidal Investments LLC now owns 129,595 shares of the company’s stock valued at $3,740,000 after purchasing an additional 103,178 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of WillScot during the 2nd quarter worth $332,000. 95.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on WillScot from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Barclays raised their price objective on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Citigroup lowered their price objective on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. Finally, UBS Group reduced their target price on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.86.

WillScot Trading Down 1.4%

Shares of WillScot stock opened at $16.26 on Friday. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $29.77. The stock’s 50-day simple moving average is $18.68 and its 200 day simple moving average is $22.75. The stock has a market capitalization of $2.95 billion, a P/E ratio of -42.79, a P/E/G ratio of 0.94 and a beta of 1.40. 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) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $612.15 million during the quarter, compared to analyst estimates of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. As a group, research analysts anticipate that WillScot Holdings Corporation will post 1.13 EPS for the current year.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 2nd. WillScot’s dividend payout ratio is presently -73.68%.

WillScot Company Profile

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.