WillScot Holdings Corporation $WSC Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 74.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,619 shares of the company’s stock after purchasing an additional 117,309 shares during the period. Baird Financial Group Inc. owned approximately 0.15% of WillScot worth $7,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock worth $509,811,000 after buying an additional 1,924,653 shares during the period. William Blair Investment Management LLC increased its position in shares of WillScot by 3.4% in the second quarter. William Blair Investment Management LLC now owns 5,462,958 shares of the company’s stock worth $149,685,000 after acquiring an additional 180,797 shares in the last quarter. Norges Bank acquired a new stake in shares of WillScot during the second quarter valued at approximately $125,126,000. Geode Capital Management LLC lifted its position in shares of WillScot by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock valued at $89,829,000 after acquiring an additional 71,347 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of WillScot by 13.4% in the 1st quarter. Alliancebernstein L.P. now owns 2,875,109 shares of the company’s stock valued at $79,928,000 after acquiring an additional 338,685 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of several recent analyst reports. UBS Group set a $35.00 target price on shares of WillScot in a research note on Tuesday, September 30th. Barclays dropped their price target on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Finally, DA Davidson reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.13.

WillScot Stock Up 0.2%

WillScot stock opened at $20.66 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $39.62. The firm’s fifty day simple moving average is $20.33 and its 200-day simple moving average is $24.19. The company has a market capitalization of $3.76 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.85 and a beta of 1.12.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $566.84 million for the quarter, compared to the consensus estimate of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

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

WillScot Profile

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.