Victory Capital Management Inc. Increases Stock Holdings in WillScot Holdings Corporation $WSC

Victory Capital Management Inc. grew its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4,964.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,631,072 shares of the company’s stock after purchasing an additional 1,598,863 shares during the period. Victory Capital Management Inc.’s holdings in WillScot were worth $34,432,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Baird Financial Group Inc. grew its holdings in shares of WillScot by 74.6% in the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after purchasing an additional 117,309 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in WillScot by 2.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after buying an additional 57,946 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in WillScot by 26.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after buying an additional 645,246 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in WillScot in the 2nd quarter valued at approximately $1,339,000. Finally, Oak Thistle LLC acquired a new position in shares of WillScot in the third quarter worth $1,649,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Barclays lifted their price objective on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday. William Blair reissued a “market perform” rating on shares of WillScot in a research report on Thursday. Finally, Wall Street Zen cut shares of WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, WillScot has an average rating of “Hold” and an average price target of $25.88.

WillScot Trading Down 4.0%

WSC opened at $19.26 on Monday. The business’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $21.13. The company has a market cap of $3.48 billion, a P/E ratio of -64.20, a PEG ratio of 1.40 and a beta of 1.08. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $31.88. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. As a group, equities research analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. WillScot’s dividend payout ratio is presently -93.33%.

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.