M&T Bank Corp Invests $567,000 in WillScot Holdings Corporation $WSC

M&T Bank Corp acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,091 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently bought and sold shares of WSC. Salomon & Ludwin LLC boosted its position in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares during the period. CWM LLC boosted its position in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the period. Danske Bank A S acquired a new stake in WillScot during the 3rd quarter worth about $44,000. CIBC Private Wealth Group LLC boosted its position in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Stock Up 0.2%

WSC opened at $22.69 on Friday. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The business has a 50-day moving average of $19.73 and a 200-day moving average of $20.18. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The company has a market capitalization of $4.10 billion, a PE ratio of -75.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The firm had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts forecast that WillScot Holdings Corporation will post 1.05 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot’s dividend payout ratio (DPR) is -93.33%.

Analyst Ratings Changes

WSC has been the subject of a number of research reports. Morgan Stanley raised their price objective on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. DA Davidson decreased their price objective on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen lowered WillScot from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Citigroup decreased their price objective on WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.50.

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.