WillScot Holdings Corporation $WSC Shares Sold by Diversified Management Inc.

Diversified Management Inc. cut its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 906,281 shares of the company’s stock after selling 293,640 shares during the quarter. WillScot makes up 5.6% of Diversified Management Inc.’s portfolio, making the stock its 4th largest holding. Diversified Management Inc.’s holdings in WillScot were worth $26,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in shares of WillScot by 334.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after purchasing an additional 4,250,951 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its position in WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares during the period. Primecap Management Co. CA grew its stake in WillScot by 210.9% during the 4th quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock worth $80,355,000 after buying an additional 2,894,900 shares during the last quarter. Norges Bank bought a new position in WillScot during the 4th quarter worth $40,925,000. Finally, Coliseum Capital Management LLC increased its position in WillScot by 70.7% in the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after buying an additional 2,117,247 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Robert W. Baird set a $26.00 price target on shares of WillScot in a research report on Friday, May 8th. 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. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $29.00 price objective on shares of WillScot in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.50.

WillScot Stock Down 0.9%

WSC opened at $22.89 on Wednesday. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $29.77. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market cap of $4.14 billion, a P/E ratio of -60.24, a P/E/G ratio of 1.35 and a beta of 1.33. The stock’s 50 day moving average price is $26.71 and its 200 day moving average price is $23.18.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The firm had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that WillScot Holdings Corporation will post 1.12 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 2nd. WillScot’s payout ratio is currently -73.68%.

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.