Bessemer Group Inc. Raises Position in WillScot Holdings Corporation $WSC

Bessemer Group Inc. raised its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 31.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 378,048 shares of the company’s stock after purchasing an additional 90,160 shares during the period. Bessemer Group Inc.’s holdings in WillScot were worth $6,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of WillScot by 334.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after buying an additional 4,250,951 shares during the period. Turtle Creek Asset Management Inc. grew its stake in shares of WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after acquiring an additional 3,645,350 shares during the period. Primecap Management Co. CA increased its holdings in WillScot by 210.9% in the 4th quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock worth $80,355,000 after acquiring an additional 2,894,900 shares in the last quarter. Norges Bank purchased a new stake in WillScot in the 4th quarter worth approximately $40,925,000. Finally, Coliseum Capital Management LLC raised its stake in WillScot by 70.7% during the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after acquiring an additional 2,117,247 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

Shares of WSC opened at $27.23 on Monday. The firm has a market cap of $4.92 billion, a P/E ratio of -71.66, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The company has a 50 day simple moving average of $26.63 and a two-hundred day simple moving average of $22.66.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. On average, equities analysts expect that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s payout ratio is currently -73.68%.

Analyst Ratings Changes

Several brokerages have weighed in on WSC. Robert W. Baird set a $26.00 price target on shares of WillScot in a report on Friday, May 8th. Barclays increased their price objective on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Oppenheimer restated an “outperform” rating and set a $29.00 target price on shares of WillScot in a research note on Friday, May 8th. Finally, Citigroup upped their target price on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Three 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 MarketBeat.com, WillScot presently has an average rating of “Hold” and an average price target of $26.25.

Insider Activity at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the transaction, the director owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This trade represents a 30.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 155,781 shares of company stock valued at $4,205,113 in the last quarter. Corporate insiders own 3.40% of the company’s stock.

About WillScot

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.