Robertson Stephens Wealth Management LLC Invests $453,000 in WillScot Holdings Corporation $WSC

Robertson Stephens Wealth Management LLC acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 24,053 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. lifted its position in shares of WillScot by 26.8% in the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after purchasing an additional 645,246 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of WillScot in the third quarter worth approximately $1,566,000. Envestnet Asset Management Inc. lifted its position in shares of WillScot by 13.9% in the third quarter. Envestnet Asset Management Inc. now owns 549,030 shares of the company’s stock worth $11,590,000 after purchasing an additional 66,889 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of WillScot in the fourth quarter worth approximately $13,862,000. Finally, SG Americas Securities LLC lifted its position in shares of WillScot by 632.2% in the third quarter. SG Americas Securities LLC now owns 46,654 shares of the company’s stock worth $985,000 after purchasing an additional 40,282 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC opened at $21.88 on Tuesday. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The firm’s 50 day moving average price is $19.73 and its 200 day moving average price is $20.16. The firm has a market cap of $3.96 billion, a PE ratio of -72.93, a PEG ratio of 1.66 and a beta of 1.31.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The company had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. During the same quarter last year, the business earned $0.48 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, research analysts expect that WillScot Holdings Corporation will post 1.05 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is -93.33%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. UBS Group initiated coverage on shares of WillScot in a research report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price target for the company. Citigroup cut their price objective on shares of WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Barclays raised their price objective on shares of WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, March 6th. Finally, Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Three equities research 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. Based on data from MarketBeat, WillScot presently has an average rating of “Hold” and an average price target of $23.50.

About WillScot

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.