RBF Capital LLC Makes New Investment in WillScot Holdings Corporation $WSC

RBF Capital LLC acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 90,000 shares of the company’s stock, valued at approximately $1,562,000.

Other large investors have also modified their holdings of the company. Salomon & Ludwin LLC raised its stake in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares in the last quarter. Parallel Advisors LLC boosted its stake in WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after acquiring an additional 1,238 shares in the last quarter. CWM LLC grew its holdings in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the last quarter. Danske Bank A S purchased a new position in shares of WillScot during the third quarter worth about $44,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of WillScot by 130.3% during the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group initiated coverage on WillScot in a research report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price for the company. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley increased their price objective on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Citigroup raised their target price on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Barclays lifted their target price on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.25.

WillScot Stock Down 6.2%

Shares of NASDAQ WSC opened at $24.12 on Thursday. 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 52 week low of $14.91 and a 52 week high of $31.32. The firm has a 50-day moving average price of $26.79 and a 200 day moving average price of $23.01. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -63.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping 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 company had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $0.07 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot’s dividend payout ratio is currently -73.68%.

Insiders Place Their Bets

In related news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 155,781 shares of company stock valued at $4,205,113. Company insiders own 3.40% of the company’s stock.

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.