WillScot Holdings Corporation $WSC Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,528,629 shares of the company’s stock after selling 637,043 shares during the quarter. Clearbridge Investments LLC’s holdings in WillScot were worth $85,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WSC. Salomon & Ludwin LLC lifted its stake in WillScot by 117.3% during 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. Parallel Advisors LLC increased its holdings in shares of WillScot by 149.9% in the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the period. CWM LLC increased its holdings in WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the last quarter. Danske Bank A S acquired a new position in WillScot in the third quarter worth approximately $44,000. Finally, CIBC Private Wealth Group LLC increased its holdings in WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after buying an additional 1,565 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC stock opened at $26.91 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.79 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 $4.87 billion, a price-to-earnings ratio of -70.82, a PEG ratio of 1.56 and a beta of 1.34. The stock has a 50-day moving average price of $22.48 and a 200 day moving average price of $21.03.

WillScot (NASDAQ:WSC) last issued its 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 analysts’ expectations of $518.17 million. During the same quarter last year, the business earned $0.26 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. Research analysts expect that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analyst Ratings Changes

WSC has been the subject of a number of recent analyst reports. UBS Group initiated coverage on WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price for the company. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup raised their target price on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. DA Davidson dropped their price objective on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.88.

Insider Transactions at WillScot

In related news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the sale, the director owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.