Mitsubishi UFJ Trust & Banking Corp Sells 60,560 Shares of WillScot Holdings Corporation $WSC

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 38.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,028 shares of the company’s stock after selling 60,560 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in WillScot were worth $1,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WSC. Van Berkom & Associates Inc. increased its stake in shares of WillScot by 26.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of WillScot during the 3rd quarter worth approximately $1,566,000. Envestnet Asset Management Inc. increased its stake in shares of WillScot by 13.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,030 shares of the company’s stock worth $11,590,000 after purchasing an additional 66,889 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of WillScot during the 4th quarter worth approximately $13,862,000. Finally, SG Americas Securities LLC increased its stake in shares of WillScot by 632.2% during the 3rd quarter. SG Americas Securities LLC now owns 46,654 shares of the company’s stock worth $985,000 after purchasing an additional 40,282 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Down 3.6%

WSC opened at $21.88 on Tuesday. The company has a 50 day moving average of $19.73 and a 200 day moving average of $20.16. The company has a market cap of $3.96 billion, a PE ratio of -72.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. On average, sell-side analysts expect that WillScot Holdings Corporation will post 1.05 EPS for the current year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot’s dividend payout ratio (DPR) is -93.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WSC shares. Oppenheimer raised their price target on shares of WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. UBS Group started coverage on shares of WillScot in a research note on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target for the company. Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.50.

WillScot Company 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.