WillScot Holdings Corporation $WSC Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 390.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 129,595 shares of the company’s stock after purchasing an additional 103,178 shares during the period. Tidal Investments LLC’s holdings in WillScot were worth $3,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in shares of WillScot in the 2nd quarter valued at about $43,000. Leonteq Securities AG purchased a new position in WillScot during the fourth quarter worth approximately $68,000. Parallel Advisors LLC boosted its position in WillScot by 96.3% during the first quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock worth $70,000 after purchasing an additional 1,987 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in WillScot by 78.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,575 shares of the company’s stock valued at $105,000 after purchasing an additional 2,447 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in WillScot by 81.1% in the first quarter. Pacer Advisors Inc. now owns 6,864 shares of the company’s stock valued at $119,000 after purchasing an additional 3,074 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup boosted their price objective on WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. Finally, Barclays lifted their price target on shares of WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WillScot presently has a consensus rating of “Hold” and a consensus target price of $26.50.

WillScot Price Performance

Shares of WillScot stock opened at $18.48 on Tuesday. The business has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $23.12. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $29.77. The stock has a market capitalization of $3.35 billion, a P/E ratio of -48.63, a PEG ratio of 1.08 and a beta of 1.31. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $585.43 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that WillScot Holdings Corporation will post 1.13 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

WillScot Company Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and storage solutions. The company serves construction, commercial, education, healthcare, government and other organizations that need temporary, relocatable or expandable facilities.

Its offerings include mobile offices, modular buildings, classrooms, portable restrooms, storage containers and other portable structures. WillScot also provides related services such as delivery, installation, relocation, dismantling, site services, furnishings and facility accessories, allowing customers to deploy complete temporary or semi-permanent workspaces.

The company was formed through the 2020 combination of WillScot Corporation and Mobile Mini, bringing together modular workspace and portable storage operations.