Public Sector Pension Investment Board Increases Stake in WillScot Holdings Corporation $WSC

Public Sector Pension Investment Board grew its position in WillScot Holdings Corporation (NASDAQ:WSC) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 710,194 shares of the company’s stock after acquiring an additional 88,386 shares during the period. Public Sector Pension Investment Board owned about 0.39% of WillScot worth $14,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in shares of WillScot by 74.6% in the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after purchasing an additional 117,309 shares during the period. Westfield Capital Management Co. LP grew its position in WillScot by 2.1% during the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after buying an additional 57,946 shares during the period. Van Berkom & Associates Inc. increased its holdings in WillScot by 26.8% in the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after buying an additional 645,246 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of WillScot by 620.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock valued at $1,855,000 after acquiring an additional 58,305 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of WillScot during the 2nd quarter worth approximately $1,339,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective (down from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Barclays lowered their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Finally, Citigroup increased their price objective on shares of WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

WillScot Stock Up 1.9%

Shares of NASDAQ:WSC opened at $21.62 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. The company has a market capitalization of $3.93 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.96 and a beta of 1.12. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $39.12. The stock’s fifty day simple moving average is $20.64 and its 200-day simple moving average is $21.54.

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.