Fisher Asset Management LLC Sells 161,727 Shares of WillScot Holdings Corporation $WSC

Fisher Asset Management LLC reduced its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,316,902 shares of the company’s stock after selling 161,727 shares during the period. Fisher Asset Management LLC owned about 0.72% of WillScot worth $36,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WSC. River Road Asset Management LLC raised its holdings in WillScot by 75.6% in the 2nd quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company’s stock worth $84,338,000 after purchasing an additional 1,237,097 shares during the period. Norges Bank purchased a new stake in WillScot in the second quarter worth about $125,126,000. Quadrature Capital Ltd bought a new position in shares of WillScot in the second quarter worth about $734,000. Hsbc Holdings PLC lifted its position in shares of WillScot by 48.8% during the 2nd quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock valued at $320,000 after buying an additional 3,827 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of WillScot by 41.2% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 626,234 shares of the company’s stock valued at $17,159,000 after acquiring an additional 182,670 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

Shares of NASDAQ WSC opened at $20.08 on Wednesday. The company has a market cap of $3.65 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.79 and a beta of 1.12. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $39.81. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. The firm’s fifty day moving average is $20.33 and its two-hundred day moving average is $24.40.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share 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 analyst estimates of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. As a group, analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. WillScot’s dividend payout ratio is 23.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Baird R W upgraded WillScot from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 21st. Finally, UBS Group set a $35.00 price objective on WillScot in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.13.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.