Brown Brothers Harriman & Co. Boosts Stock Position in WillScot Holdings Corporation $WSC

Brown Brothers Harriman & Co. grew its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 33.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,752,230 shares of the company’s stock after purchasing an additional 443,439 shares during the period. Brown Brothers Harriman & Co. owned about 0.96% of WillScot worth $36,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in WillScot by 24.6% during the 1st quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after buying an additional 6,651 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in WillScot by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after acquiring an additional 8,963 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in WillScot by 33.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 32,249 shares of the company’s stock worth $884,000 after acquiring an additional 8,042 shares in the last quarter. Geode Capital Management LLC increased its position in shares of WillScot by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock worth $89,829,000 after acquiring an additional 71,347 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of WillScot by 4.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 68,046 shares of the company’s stock worth $1,864,000 after acquiring an additional 2,753 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Oppenheimer raised their price objective on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Finally, Barclays raised their price target on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.50.

WillScot Stock Performance

Shares of NASDAQ:WSC opened at $17.99 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -59.97, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The firm has a 50 day moving average of $21.18 and a 200 day moving average of $21.00. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88.

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

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. 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.