Markel Group Inc. Purchases New Shares in WillScot Holdings Corporation $WSC

Markel Group Inc. acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $1,546,000.

A number of other hedge funds have also modified their holdings of WSC. Vise Technologies Inc. lifted its stake in WillScot by 245.4% in the 3rd quarter. Vise Technologies Inc. now owns 27,334 shares of the company’s stock valued at $470,000 after buying an additional 19,420 shares in the last quarter. State of Wyoming grew its holdings in WillScot by 27.1% during the 3rd quarter. State of Wyoming now owns 17,517 shares of the company’s stock valued at $301,000 after buying an additional 3,735 shares during the last quarter. Choreo LLC grew its holdings in WillScot by 11.8% during the 3rd quarter. Choreo LLC now owns 13,676 shares of the company’s stock valued at $235,000 after buying an additional 1,442 shares during the last quarter. Signaturefd LLC increased its position in WillScot by 73.6% during the third quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $30,000 after buying an additional 740 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new position in WillScot during the third quarter worth $174,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSC has been the topic of several recent research reports. UBS Group reduced their price objective on WillScot from $29.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. Barclays lifted their price objective on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Robert W. Baird cut their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, Citigroup reduced their target price on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.86.

WillScot Stock Up 1.7%

Shares of NASDAQ WSC opened at $19.59 on Wednesday. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $29.77. The firm’s 50 day moving average price is $18.13 and its 200 day moving average price is $21.86. The firm has a market cap of $3.55 billion, a P/E ratio of -51.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. WillScot’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. As a group, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.13 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 2nd. WillScot’s dividend payout ratio is currently -73.68%.

About WillScot

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.