Osborne Partners Capital Management LLC Cuts Position in WillScot Holdings Corporation $WSC

Osborne Partners Capital Management LLC reduced its position in WillScot Holdings Corporation (NASDAQ:WSC) by 17.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,098 shares of the company’s stock after selling 63,223 shares during the period. Osborne Partners Capital Management LLC’s holdings in WillScot were worth $5,210,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC increased its position in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares in the last quarter. CWM LLC lifted its position in WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares in the last quarter. Parallel Advisors LLC lifted its position in WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after buying an additional 1,238 shares in the last quarter. Danske Bank A S purchased a new stake in WillScot during the third quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. grew its stake in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director directly owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 155,781 shares of company stock worth $4,205,113 in the last three months. 3.10% of the stock is owned by company insiders.

WillScot Stock Performance

NASDAQ WSC opened at $26.66 on Friday. The stock has a market cap of $4.82 billion, a P/E ratio of -70.16, a PEG ratio of 1.59 and a beta of 1.32. The company’s fifty day simple moving average is $26.01 and its 200-day simple moving average is $22.14. 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 Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same period last year, the business earned $0.26 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WSC shares. UBS Group began coverage on shares of WillScot in a research note on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $29.00 target price on shares of WillScot in a report on Friday, May 8th. Robert W. Baird set a $26.00 price target on shares of WillScot in a research report on Friday, May 8th. Morgan Stanley increased their price target on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.88.

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.