Riverbridge Partners LLC Has $11.62 Million Position in WillScot Holdings Corporation $WSC

Riverbridge Partners LLC lessened its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 6.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 669,142 shares of the company’s stock after selling 47,080 shares during the period. Riverbridge Partners LLC’s holdings in WillScot were worth $11,616,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in WSC. Salomon & Ludwin LLC increased its stake in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after acquiring an additional 679 shares during the period. CWM LLC lifted its position in shares of WillScot by 37.7% in 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. Parallel Advisors LLC grew its holdings in shares of WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares in the last quarter. Danske Bank A S acquired a new stake in shares of WillScot during the 3rd quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of WillScot by 160.4% during the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after purchasing an additional 1,824 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Stock Down 4.1%

WSC opened at $27.85 on Wednesday. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -73.29, a PEG ratio of 1.73 and a beta of 1.34. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The firm’s 50-day simple moving average is $24.74 and its 200-day simple moving average is $21.74. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $548.63 million during the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Equities research analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s payout ratio is presently -73.68%.

Analysts Set New Price Targets

Several brokerages recently commented on WSC. UBS Group initiated coverage on WillScot in a research report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price for the company. William Blair restated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price objective on shares of WillScot in a report on Friday, May 8th. Morgan Stanley upped their target price on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, WillScot presently has a consensus rating of “Hold” and an average price target of $25.88.

Insider Activity at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the sale, the director directly owned 197,595 shares in the company, valued at $5,333,089.05. This represents a 30.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 155,781 shares of company stock valued at $4,205,113. 3.10% of the stock is owned by insiders.

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.