WillScot Holdings Corporation $WSC Shares Bought by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. grew its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 27.3% during the first quarter, HoldingsChannel reports. The firm owned 7,870,039 shares of the company’s stock after acquiring an additional 1,686,077 shares during the period. WillScot comprises about 5.1% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Turtle Creek Asset Management Inc.’s holdings in WillScot were worth $136,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in WSC. Royal Bank of Canada increased its holdings in shares of WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $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 WillScot by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock valued at $20,145,000 after buying an additional 8,963 shares in the last quarter. Creative Planning increased its stake in shares of WillScot by 6.9% in the 2nd quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after acquiring an additional 1,024 shares during the last quarter. American Century Companies Inc. increased its stake in shares of WillScot by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock worth $1,282,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of WillScot by 48.8% during the 2nd quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock worth $320,000 after acquiring an additional 3,827 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Trading Down 6.2%

NASDAQ WSC opened at $24.12 on Thursday. The firm’s 50-day moving average is $26.79 and its two-hundred day moving average is $23.01. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.32. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market capitalization of $4.36 billion, a P/E ratio of -63.47, a PEG ratio of 1.53 and a beta of 1.32.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same quarter last year, the firm posted $0.26 earnings per share. WillScot’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WSC. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Robert W. Baird set a $26.00 price objective on shares of WillScot in a research report on Friday, May 8th. Citigroup lifted their target price on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. UBS Group assumed coverage on shares of WillScot in a report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, Barclays increased their price target on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WillScot currently has a consensus rating of “Hold” and a consensus target price of $26.25.

Insider Buying and Selling at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the completion of the sale, the director owned 197,595 shares in the company, valued at approximately $5,333,089.05. This trade represents a 30.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 155,781 shares of company stock worth $4,205,113. Company insiders own 3.40% of the company’s stock.

WillScot 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.