Copeland Capital Management LLC Grows Stake in WillScot Holdings Corporation $WSC

Copeland Capital Management LLC raised its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 46.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,279,936 shares of the company’s stock after purchasing an additional 405,901 shares during the period. Copeland Capital Management LLC’s holdings in WillScot were worth $27,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in shares of WillScot by 45.1% during the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after buying an additional 662 shares during the period. Quarry LP purchased a new stake in WillScot in the first quarter worth about $80,000. Plato Investment Management Ltd bought a new position in WillScot during the 1st quarter worth about $99,000. GAMMA Investing LLC increased its position in WillScot by 338.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock valued at $112,000 after purchasing an additional 3,157 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in shares of WillScot in the 2nd quarter valued at about $131,000. Institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WSC shares. Barclays dropped their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Robert W. Baird set a $22.00 price target on WillScot and gave the company an “outperform” rating in a report on Friday, November 21st. DA Davidson decreased their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, UBS Group set a $35.00 price objective on WillScot in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, WillScot has a consensus rating of “Moderate Buy” and an average target price of $26.63.

WillScot Stock Down 2.2%

Shares of WSC stock opened at $19.30 on Tuesday. The stock’s fifty day moving average price is $19.75 and its 200 day moving average price is $23.36. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $39.60. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. During the same quarter last year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, research analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s payout ratio is currently 23.14%.

WillScot 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.