WillScot Holdings Corporation $WSC Shares Purchased by Bernzott Capital Advisors

Bernzott Capital Advisors boosted its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,207 shares of the company’s stock after acquiring an additional 20,328 shares during the quarter. Bernzott Capital Advisors owned about 0.09% of WillScot worth $2,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new stake in shares of WillScot in the 4th quarter worth about $757,000. Van Berkom & Associates Inc. raised its position in WillScot by 4.0% during the fourth quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock worth $59,820,000 after acquiring an additional 122,229 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in WillScot during the fourth quarter worth about $13,862,000. Mraz Amerine & Associates Inc. raised its position in WillScot by 65.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock worth $2,038,000 after acquiring an additional 42,915 shares during the last quarter. Finally, Clearline Capital LP lifted its holdings in shares of WillScot by 79.4% in the fourth quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock valued at $3,030,000 after purchasing an additional 71,251 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Stock Up 2.6%

WSC stock opened at $25.78 on Friday. The company has a 50 day moving average price of $26.26 and a two-hundred day moving average price of $22.35. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market capitalization of $4.66 billion, a P/E ratio of -67.84, a PEG ratio of 1.49 and a beta of 1.32. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $31.88.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, sell-side analysts expect that WillScot Holdings Corporation will post 1.1 EPS for the current year.

WillScot Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on WSC shares. Oppenheimer reiterated an “outperform” rating and issued a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Robert W. Baird set a $26.00 target price on WillScot in a research note on Friday, May 8th. Morgan Stanley increased their target price on WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Finally, Citigroup raised their price target on WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.25.

Insider Buying and Selling

In other WillScot news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the completion of the sale, the director owned 414,059 shares in the company, valued at $10,732,409.28. The trade was a 1.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 155,781 shares of company stock valued at $4,205,113. 3.10% of the stock is owned by insiders.

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.