Baillie Gifford & Co. Sells 252,863 Shares of WillScot Holdings Corporation $WSC

Baillie Gifford & Co. lessened its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,856,872 shares of the company’s stock after selling 252,863 shares during the period. Baillie Gifford & Co.’s holdings in WillScot were worth $102,529,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of WillScot by 338.4% in the second quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock valued at $112,000 after acquiring an additional 3,157 shares during the last quarter. Bayforest Capital Ltd bought a new position in WillScot in the 2nd quarter valued at $131,000. Finally, Engineers Gate Manager LP bought a new position in shares of WillScot in the second quarter valued at about $215,000. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Stock Down 1.7%

WSC stock opened at $21.12 on Friday. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.89 and a beta of 1.11. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $39.40. The business has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $22.53. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. Analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. WillScot’s payout ratio is presently 23.14%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WSC shares. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Citigroup increased their price target on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, DA Davidson lowered their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.88.

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.