Envestnet Asset Management Inc. Purchases 66,889 Shares of WillScot Holdings Corporation $WSC

Envestnet Asset Management Inc. boosted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,030 shares of the company’s stock after purchasing an additional 66,889 shares during the quarter. Envestnet Asset Management Inc. owned about 0.30% of WillScot worth $11,590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. 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 valued at $58,000 after acquiring an additional 662 shares in the last quarter. Nisa Investment Advisors LLC increased 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 valued at $61,000 after purchasing an additional 543 shares during the period. State of Wyoming raised its holdings in shares of WillScot by 55.8% in the 3rd quarter. State of Wyoming now owns 8,751 shares of the company’s stock valued at $185,000 after purchasing an additional 3,133 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $215,000. Finally, Trust Point Inc. boosted its stake 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 purchasing an additional 939 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Price Performance

Shares of WSC stock opened at $21.58 on Wednesday. The stock’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $21.39. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.96 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $39.12.

Analysts Set New Price Targets

A number of equities analysts recently commented on WSC shares. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price objective (up previously from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Citigroup upped their price objective on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. DA Davidson dropped their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price (down from $37.00) on shares of WillScot in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.88.

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.