Mraz Amerine & Associates Inc. Raises Position in WillScot Holdings Corporation $WSC

Mraz Amerine & Associates Inc. increased its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 65.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,217 shares of the company’s stock after purchasing an additional 42,915 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in WillScot were worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its position in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the period. CWM LLC raised its position in WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the period. Danske Bank A S purchased a new position in WillScot in the 3rd quarter worth $44,000. CIBC Private Wealth Group LLC raised its position in WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after purchasing an additional 1,565 shares during the period. Finally, Leonteq Securities AG purchased a new position in WillScot in the 4th quarter worth $68,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity

In related news, Director Bradley Lee Soultz sold 86,421 shares of the business’s stock in a transaction dated 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 owned 197,595 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 155,781 shares of company stock worth $4,205,113 in the last 90 days. 3.10% of the stock is owned by insiders.

WillScot Price Performance

WSC stock opened at $24.14 on Friday. The firm’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $20.42. 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 $4.37 billion, a price-to-earnings ratio of -63.53, a PEG ratio of 1.41 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot’s payout ratio is currently -73.68%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Wednesday. UBS Group assumed coverage on shares of WillScot in a research report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research report on Friday, May 8th. William Blair reiterated a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Finally, Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Three equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.88.

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.