Jefferies Financial Group Inc. Takes Position in WillScot Holdings Corporation $WSC

Jefferies Financial Group Inc. purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the fourth quarter, HoldingsChannel reports. The firm purchased 40,200 shares of the company’s stock, valued at approximately $757,000.

Other hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC increased its position in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after buying an additional 679 shares in the last quarter. CWM LLC boosted its stake in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares during the last quarter. Danske Bank A S acquired a new stake in shares of WillScot during the third quarter valued at $44,000. CIBC Private Wealth Group LLC boosted its stake in shares of WillScot by 130.3% during the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after acquiring an additional 1,565 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of WillScot during the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

WSC has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price objective on shares of WillScot in a research note on Friday, May 8th. Barclays increased their price objective on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Finally, DA Davidson decreased their price objective on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research note 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 company’s stock. Based on data from MarketBeat.com, WillScot currently has a consensus rating of “Hold” and an average price target of $25.88.

WillScot Stock Down 0.4%

Shares of NASDAQ:WSC opened at $25.73 on Friday. The stock’s 50-day moving average price is $21.51 and its two-hundred day moving average price is $20.63. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $31.88. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -67.71, a PEG ratio of 1.54 and a beta of 1.31.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $518.17 million. During the same period last year, the company earned $0.26 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

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

Insider Transactions at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the transaction, the director directly owned 414,059 shares in the company, valued at $10,732,409.28. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 155,781 shares of company stock valued at $4,205,113. 3.10% of the stock is currently owned by company insiders.

WillScot Company 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.