Van Berkom & Associates Inc. Cuts Position in WillScot Holdings Corporation $WSC

Van Berkom & Associates Inc. trimmed its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 9.3% during the first quarter, Holdings Channel reports. The firm owned 2,879,952 shares of the company’s stock after selling 296,913 shares during the quarter. Van Berkom & Associates Inc.’s holdings in WillScot were worth $49,996,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of WillScot by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock worth $71,339,000 after buying an additional 404,469 shares during the period. Parallel Advisors LLC raised its holdings in shares of WillScot by 96.3% in the 1st quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock valued at $70,000 after buying an additional 1,987 shares during the period. Gallacher Capital Management LLC acquired a new position in WillScot during the 1st quarter worth about $191,000. Bessemer Group Inc. lifted its stake in WillScot by 31.3% during the 1st quarter. Bessemer Group Inc. now owns 378,048 shares of the company’s stock worth $6,563,000 after acquiring an additional 90,160 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in WillScot by 14.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 103,805 shares of the company’s stock valued at $1,802,000 after acquiring an additional 13,441 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 155,781 shares of company stock valued at $4,205,113 over the last 90 days. 3.40% of the stock is owned by company insiders.

WillScot Stock Performance

WSC opened at $27.23 on Monday. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -71.66, a PEG ratio of 1.62 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. The business has a fifty day moving average price of $26.63 and a 200 day moving average price of $22.66.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.WillScot’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. Sell-side analysts expect that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 3rd. WillScot’s dividend payout ratio is presently -73.68%.

Wall Street Analyst Weigh In

WSC has been the subject of several research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research report on Friday, May 8th. Morgan Stanley increased their price target on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. UBS Group started coverage on shares of WillScot in a research note on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $26.00 target price on shares of WillScot in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.25.

About WillScot

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.