Assenagon Asset Management S.A. Makes New Investment in WillScot Holdings Corporation $WSC

Assenagon Asset Management S.A. bought a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) during the 4th quarter, Holdings Channel reports. The firm bought 736,158 shares of the company’s stock, valued at approximately $13,862,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. raised its position in WillScot by 74.6% in the 2nd quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock worth $7,525,000 after purchasing an additional 117,309 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in WillScot by 26.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after buying an additional 645,246 shares in the last quarter. Oak Thistle LLC bought a new position in WillScot in the 3rd quarter valued at $1,649,000. Live Oak Private Wealth LLC acquired a new stake in shares of WillScot in the 3rd quarter valued at $4,025,000. Finally, Invesco Ltd. increased its stake in shares of WillScot by 6.2% in the 2nd quarter. Invesco Ltd. now owns 2,313,767 shares of the company’s stock valued at $63,397,000 after buying an additional 135,674 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Trading Down 1.1%

NASDAQ WSC opened at $18.45 on Friday. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The stock has a 50-day simple moving average of $20.53 and a 200 day simple moving average of $20.60. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $3.34 billion, a PE ratio of -61.50, a P/E/G ratio of 1.35 and a beta of 1.08.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million for the quarter, compared to the consensus estimate of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.WillScot’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Research analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.5%. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WSC. Barclays upped their price target on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Morgan Stanley lifted their price objective on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Wall Street Zen cut WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Citigroup reduced their target price on shares of WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Finally, Oppenheimer lifted their price target on shares of WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.50.

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.