Van Berkom & Associates Inc. Boosts Holdings in WillScot Holdings Corporation $WSC

Van Berkom & Associates Inc. boosted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,176,865 shares of the company’s stock after buying an additional 122,229 shares during the quarter. Van Berkom & Associates Inc.’s holdings in WillScot were worth $59,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WSC. Royal Bank of Canada boosted its stake in WillScot by 24.6% during the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock worth $936,000 after buying an additional 6,651 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in WillScot by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after buying an additional 8,963 shares during the period. Creative Planning boosted its stake in WillScot by 6.9% during the second quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after buying an additional 1,024 shares during the period. American Century Companies Inc. boosted its stake in WillScot by 3.0% during the second quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock worth $1,282,000 after buying an additional 1,374 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in WillScot by 48.8% during the second quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock worth $320,000 after buying an additional 3,827 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Stock Performance

WSC stock opened at $21.88 on Tuesday. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The business has a 50-day moving average price of $19.73 and a 200 day moving average price of $20.16. The company has a market capitalization of $3.96 billion, a P/E ratio of -72.93, a PEG ratio of 1.66 and a beta of 1.31. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $31.88.

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

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, March 4th. WillScot’s payout ratio is presently -93.33%.

Analysts Set New Price Targets

Several research analysts have commented on WSC shares. DA Davidson dropped their price objective on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Barclays boosted their target price on shares of WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Citigroup lowered their target price on shares of WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 9th. William Blair reissued a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Finally, Morgan Stanley boosted their target price on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. 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 company. According to data from MarketBeat, WillScot presently has a consensus rating of “Hold” and a consensus target price of $23.50.

WillScot Company 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.