Bessemer Group Inc. Sells 1,833,807 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Bessemer Group Inc. decreased its position in WillScot Holdings Corporation (NASDAQ:WSC) by 49.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,852,609 shares of the company’s stock after selling 1,833,807 shares during the quarter. Bessemer Group Inc. owned approximately 1.01% of WillScot worth $51,502,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WSC. Franklin Resources Inc. lifted its stake in shares of WillScot by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after purchasing an additional 2,639,559 shares during the period. William Blair Investment Management LLC raised its position in WillScot by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock worth $185,831,000 after acquiring an additional 664,805 shares during the period. FMR LLC raised its position in WillScot by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company’s stock worth $185,785,000 after acquiring an additional 595,063 shares during the period. Capital International Investors boosted its stake in shares of WillScot by 20.3% during the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company’s stock worth $177,544,000 after acquiring an additional 897,184 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of WillScot by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company’s stock valued at $161,641,000 after acquiring an additional 223,462 shares during the period. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Down 1.8%

NASDAQ WSC opened at $27.42 on Thursday. The stock has a 50 day moving average price of $26.88 and a 200-day moving average price of $30.81. WillScot Holdings Corporation has a one year low of $21.91 and a one year high of $43.80. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The company has a market capitalization of $5.00 billion, a P/E ratio of 304.70, a P/E/G ratio of 1.53 and a beta of 1.25.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot had a net margin of 0.63% and a return on equity of 26.28%. The business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter last year, the business earned $0.29 EPS. WillScot’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, June 4th. WillScot’s payout ratio is 311.11%.

Insider Transactions at WillScot

In other news, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director now owns 15,384 shares of the company’s stock, valued at $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

WSC has been the topic of several analyst reports. William Blair reiterated a “market perform” rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley raised their target price on shares of WillScot from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Robert W. Baird decreased their price objective on shares of WillScot from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Oppenheimer decreased their price target on WillScot from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Finally, Barclays dropped their price objective on WillScot from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, WillScot currently has an average rating of “Moderate Buy” and an average target price of $40.63.

WillScot Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.