Baillie Gifford & Co. Trims Stock Holdings in WillScot Holdings Corporation $WSC

Baillie Gifford & Co. decreased its position in WillScot Holdings Corporation (NASDAQ:WSC) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,711,287 shares of the company’s stock after selling 145,585 shares during the period. Baillie Gifford & Co. owned approximately 2.59% of WillScot worth $88,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in WillScot in the 3rd quarter worth $44,000. CIBC Private Wealth Group LLC raised its stake in WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in WillScot by 22.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares during the last quarter. Quarry LP purchased a new position in WillScot in the 3rd quarter worth $132,000. Finally, MAI Capital Management raised its stake in WillScot by 106.2% in the 3rd quarter. MAI Capital Management now owns 6,516 shares of the company’s stock worth $138,000 after acquiring an additional 3,356 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

Shares of WillScot stock opened at $19.18 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $31.88. The business has a 50-day moving average price of $19.78 and a 200 day moving average price of $20.18. The firm has a market cap of $3.47 billion, a PE ratio of -63.93, a P/E/G ratio of 1.37 and a beta of 1.16.

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). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business 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 firm earned $0.48 EPS. WillScot’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, March 4th. WillScot’s payout ratio is currently -93.33%.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of research analyst reports. Barclays raised their target price on WillScot from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Citigroup reduced their price objective on WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Wall Street Zen lowered WillScot from a “hold” rating to a “sell” rating in a research note 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. Finally, Oppenheimer lifted their price objective on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.50.

WillScot Company Profile

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.