WillScot Holdings Corporation $WSC Holdings Decreased by Madison Asset Management LLC

by · The Cerbat Gem

Madison Asset Management LLC decreased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC – Free Report) by 56.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,834 shares of the company’s stock after selling 118,374 shares during the quarter. Madison Asset Management LLC’s holdings in WillScot were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WSC. Turtle Creek Asset Management Inc. grew its stake in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of WillScot by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,547,129 shares of the company’s stock worth $74,874,000 after buying an additional 33,383 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of WillScot by 4.0% in the fourth quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock worth $59,820,000 after buying an additional 122,229 shares during the last quarter. Invesco Ltd. lifted its position in shares of WillScot by 22.5% in the third quarter. Invesco Ltd. now owns 2,834,634 shares of the company’s stock worth $59,839,000 after buying an additional 520,867 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of WillScot by 3.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,481,461 shares of the company’s stock worth $52,384,000 after buying an additional 90,752 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity

In other news, Director Bradley Lee Soultz sold 86,421 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total value of $2,332,502.79. Following the completion of the transaction, the director directly owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. This represents a 30.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 155,781 shares of company stock valued at $4,205,113. Corporate insiders own 3.10% of the company’s stock.

WillScot Trading Up 0.9%

WillScot stock opened at $26.13 on Friday. The business has a 50 day moving average price of $20.25 and a two-hundred day moving average price of $20.36. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -68.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88.

WillScot (NASDAQ:WSC – Get Free Report) last posted its quarterly 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 20.65% and a negative net margin of 2.99%.The firm had revenue of $548.63 million during the quarter, compared to analysts’ expectations of $518.17 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot’s dividend payout ratio is presently -73.68%.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of analyst reports. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Citigroup boosted their price target on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, DA Davidson reduced their price target on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WillScot has a consensus rating of “Hold” and an average target price of $25.63.

Check Out Our Latest Analysis on WillScot

About WillScot

(Free Report)

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.

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