Madison Asset Management LLC Cuts Stake in WillScot Holdings Corporation $WSC

Madison Asset Management LLC lowered its position in WillScot Holdings Corporation (NASDAQ:WSC) by 50.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,705 shares of the company’s stock after selling 47,129 shares during the quarter. Madison Asset Management LLC’s holdings in WillScot were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of WSC. Dimensional Fund Advisors LP boosted its stake in shares of WillScot by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock valued at $71,339,000 after purchasing an additional 404,469 shares in the last quarter. Parallel Advisors LLC boosted its position in WillScot by 96.3% during the first quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock valued at $70,000 after buying an additional 1,987 shares during the period. Gallacher Capital Management LLC purchased a new stake in WillScot during the first quarter valued at about $191,000. Bessemer Group Inc. grew its stake in shares of WillScot by 31.3% during the first quarter. Bessemer Group Inc. now owns 378,048 shares of the company’s stock valued at $6,563,000 after buying an additional 90,160 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of WillScot by 14.9% during the first quarter. Illinois Municipal Retirement Fund now owns 103,805 shares of the company’s stock valued at $1,802,000 after buying an additional 13,441 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other WillScot news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director directly owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 155,781 shares of company stock valued at $4,205,113 in the last ninety days. Company insiders own 3.40% of the company’s stock.

WillScot Stock Performance

Shares of NASDAQ:WSC opened at $26.37 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The company has a 50-day moving average price of $26.62 and a 200-day moving average price of $22.81. The company has a market cap of $4.77 billion, a price-to-earnings ratio of -69.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 20.65% and a negative net margin of 2.99%.WillScot’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. UBS Group started coverage on WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Oppenheimer reiterated an “outperform” rating and issued a $29.00 price objective on shares of WillScot in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.25.

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.