Jefferies Financial Group Inc. Sells 118,519 Shares of WillScot Holdings Corporation $WSC

Jefferies Financial Group Inc. cut its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 76.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,382 shares of the company’s stock after selling 118,519 shares during the quarter. Jefferies Financial Group Inc.’s holdings in WillScot were worth $997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSC. Yousif Capital Management LLC raised its position in shares of WillScot by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock worth $1,941,000 after acquiring an additional 515 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in WillScot by 8.4% in the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock worth $209,000 after purchasing an additional 583 shares during the period. Thompson Investment Management Inc. raised its holdings in WillScot by 3.7% in the second quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after purchasing an additional 650 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares in the last quarter. Finally, CWM LLC lifted its position in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after buying an additional 827 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of WillScot in a research report on Monday, October 20th. They issued a “buy” rating and a $28.00 target price on the stock. Robert W. Baird set a $22.00 price objective on shares of WillScot and gave the stock an “outperform” rating in a research note on Friday, November 21st. UBS Group set a $35.00 price objective on shares of WillScot in a report on Tuesday, September 30th. Baird R W upgraded shares of WillScot from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (down from $37.00) on shares of WillScot in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, WillScot currently has an average rating of “Moderate Buy” and an average price target of $27.13.

WillScot Stock Up 4.8%

Shares of WillScot stock opened at $20.18 on Thursday. The company has a 50-day simple moving average of $20.52 and a two-hundred day simple moving average of $24.71. The stock has a market capitalization of $3.67 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $39.81. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. WillScot’s dividend payout ratio (DPR) is presently 23.14%.

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.