WillScot Holdings Corporation $WSC Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in WillScot Holdings Corporation (NASDAQ:WSC) by 494.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,917 shares of the company’s stock after acquiring an additional 47,344 shares during the period. Hsbc Holdings PLC’s holdings in WillScot were worth $1,073,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after acquiring an additional 679 shares during the last quarter. CWM LLC boosted its holdings in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new stake in shares of WillScot in the third quarter valued at $44,000. Finally, Advisors Asset Management Inc. grew its position in shares of WillScot by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Stock Performance

WillScot stock opened at $26.31 on Tuesday. The stock’s 50-day moving average is $26.42 and its 200-day moving average is $22.44. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -69.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same period in the previous year, the company posted $0.26 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Announces Dividend

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

Analysts Set New Price Targets

WSC has been the subject of several analyst reports. Robert W. Baird set a $26.00 target price on WillScot in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup upped their price objective on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley increased their price objective on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.25.

Insiders Place Their Bets

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares of the company’s stock, valued at $5,333,089.05. The trade was a 30.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 155,781 shares of company stock worth $4,205,113 over the last 90 days. Insiders own 3.40% of the company’s stock.

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.