Carnegie Lake Advisors LLC Has $3.32 Million Position in WillScot Holdings Corporation $WSC

Carnegie Lake Advisors LLC boosted its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 47.8% during the second quarter, Holdings Channel.com reports. The fund owned 121,235 shares of the company’s stock after acquiring an additional 39,234 shares during the period. WillScot comprises 1.3% of Carnegie Lake Advisors LLC’s investment portfolio, making the stock its 19th largest position. Carnegie Lake Advisors LLC’s holdings in WillScot were worth $3,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after purchasing an additional 683 shares in the last quarter. New York State Teachers Retirement System bought a new position in WillScot in the 1st quarter valued at about $1,148,000. FORA Capital LLC acquired a new position in shares of WillScot in the 1st quarter valued at approximately $383,000. Vanguard Group Inc. lifted its holdings in shares of WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock worth $509,811,000 after acquiring an additional 1,924,653 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of WillScot during the 1st quarter worth approximately $752,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSC has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, September 29th. UBS Group set a $35.00 price target on WillScot in a research note on Tuesday, September 30th. Robert W. Baird dropped their price objective on WillScot from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Barclays reduced their price objective on WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 24th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.38.

WillScot Stock Down 6.0%

Shares of WSC opened at $19.55 on Friday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. WillScot Holdings Corporation has a 52 week low of $19.50 and a 52 week high of $40.10. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.85 and a beta of 1.15. The stock has a fifty day moving average of $22.18 and a 200-day moving average of $25.49.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is 46.67%.

Insider Buying and Selling

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares of the company’s stock, valued at $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

WillScot Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.