Oppenheimer Asset Management Inc. Has $476,000 Stake in WillScot Holdings Corporation $WSC

Oppenheimer Asset Management Inc. decreased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 48.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,274 shares of the company’s stock after selling 23,475 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in WillScot were worth $476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSC. Royal Bank of Canada grew its holdings in shares of 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 purchasing an additional 6,651 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 purchasing an additional 8,963 shares during the last quarter. Creative Planning grew its holdings in shares of WillScot by 6.9% during the second quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after purchasing an additional 1,024 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 1,374 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of 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 purchasing an additional 3,827 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WSC has been the topic of several research reports. Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. UBS Group initiated coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. William Blair restated a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Morgan Stanley boosted their price target on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, DA Davidson reduced their price target on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.50.

WillScot Stock Performance

Shares of WSC stock opened at $23.30 on Friday. The business’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $20.19. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $31.88. The stock has a market capitalization of $4.21 billion, a PE ratio of -77.67, a PEG ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The business had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts forecast that WillScot Holdings Corporation will post 1.05 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 1.2%. WillScot’s dividend payout ratio is presently -93.33%.

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.