Fieldview Capital Management LLC Takes Position in WillScot Holdings Corporation $WSC

Fieldview Capital Management LLC acquired a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,759 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after buying an additional 662 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of WillScot by 0.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after buying an additional 714 shares during the period. Salvus Wealth Management LLC lifted its stake in shares of WillScot by 1.5% during the third quarter. Salvus Wealth Management LLC now owns 49,200 shares of the company’s stock worth $1,039,000 after buying an additional 730 shares during the period. Finally, Trust Point Inc. grew its holdings in shares of WillScot by 10.0% during the third quarter. Trust Point Inc. now owns 10,369 shares of the company’s stock valued at $219,000 after buying an additional 939 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer upped their target price on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Citigroup cut their price objective on WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird restated a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Finally, DA Davidson decreased their target price on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.50.

WillScot Trading Down 1.7%

NASDAQ WSC opened at $19.47 on Wednesday. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The company has a market capitalization of $3.52 billion, a PE ratio of -64.90, a P/E/G ratio of 1.44 and a beta of 1.08. The company has a fifty day moving average of $21.20 and a 200 day moving average of $21.07.

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

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

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.