Legal & General Group Plc Sells 21,239 Shares of WillScot Holdings Corporation $WSC

Legal & General Group Plc lessened its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 472,223 shares of the company’s stock after selling 21,239 shares during the period. Legal & General Group Plc owned about 0.26% of WillScot worth $8,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC lifted its holdings in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after purchasing an additional 679 shares in the last quarter. CWM LLC raised its position in WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares during the last quarter. Danske Bank A S acquired a new stake in WillScot in the 3rd quarter valued at approximately $44,000. CIBC Private Wealth Group LLC lifted its stake in WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in WillScot during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WSC shares. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price target on shares of WillScot in a research note on Friday, May 8th. Morgan Stanley increased their target price on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Robert W. Baird set a $26.00 target price on shares of WillScot in a research report on Friday, May 8th. William Blair reiterated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Finally, UBS Group assumed coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.88.

WillScot Trading Up 2.2%

Shares of WillScot stock opened at $26.48 on Friday. The stock has a market cap of $4.79 billion, a P/E ratio of -69.68, a P/E/G ratio of 1.54 and a beta of 1.34. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $31.88. The business’s 50 day moving average is $22.16 and its 200-day moving average is $20.88.

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

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. WillScot’s payout ratio is currently -73.68%.

Insider Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 86,421 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the sale, the director directly owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. This represents a 30.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 155,781 shares of company stock worth $4,205,113. 3.10% of the stock is owned by insiders.

About WillScot

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.