Natixis Advisors LLC Buys 28,590 Shares of WillScot Holdings Corporation $WSC

Natixis Advisors LLC increased its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,375 shares of the company’s stock after acquiring an additional 28,590 shares during the quarter. Natixis Advisors LLC’s holdings in WillScot were worth $3,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in WillScot during the 4th quarter valued at $40,925,000. Carnegie Lake Advisors LLC increased its stake in WillScot by 10.8% during the 4th quarter. Carnegie Lake Advisors LLC now owns 127,405 shares of the company’s stock valued at $2,399,000 after purchasing an additional 12,370 shares in the last quarter. Geode Capital Management LLC increased its stake in WillScot by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 3,267,589 shares of the company’s stock valued at $61,542,000 after purchasing an additional 173,777 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in WillScot by 19.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 175,122 shares of the company’s stock valued at $3,298,000 after purchasing an additional 28,879 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in WillScot during the 4th quarter valued at $757,000. Institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

WSC opened at $27.53 on Wednesday. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -72.45, a P/E/G ratio of 1.60 and a beta of 1.34. The firm’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $21.11. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $548.63 million for 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 in the previous year, the firm earned $0.26 EPS. As a group, analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s payout ratio is -73.68%.

Wall Street Analyst Weigh In

A number of analysts have commented on WSC shares. DA Davidson decreased their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Barclays lifted their price objective on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Friday, May 15th. UBS Group began coverage on shares of WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price objective on shares of WillScot in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.88.

Insider Buying and Selling at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of the business’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 transaction, the director directly owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. The trade was a 30.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 155,781 shares of company stock valued at $4,205,113. 3.10% of the stock is currently 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.