Citigroup Inc. Sells 99,265 Shares of WillScot Holdings Corporation $WSC

Citigroup Inc. decreased its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,792 shares of the company’s stock after selling 99,265 shares during the quarter. Citigroup Inc. owned approximately 0.14% of WillScot worth $5,421,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after acquiring an additional 543 shares during the period. First Horizon Advisors Inc. lifted its holdings in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in WillScot by 0.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock valued at $5,092,000 after purchasing an additional 714 shares during the last quarter. Salvus Wealth Management LLC boosted its position in WillScot by 1.5% in the third quarter. Salvus Wealth Management LLC now owns 49,200 shares of the company’s stock valued at $1,039,000 after buying an additional 730 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in WillScot by 3.2% during the second quarter. Teacher Retirement System of Texas now owns 27,912 shares of the company’s stock worth $765,000 after buying an additional 866 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Stock Down 3.9%

NASDAQ WSC opened at $20.93 on Wednesday. The stock has a market capitalization of $3.79 billion, a P/E ratio of -69.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a fifty day moving average of $21.14 and a 200-day moving average of $21.22.

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

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s payout ratio is -93.33%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WSC. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Citigroup lifted their price objective on WillScot from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Oppenheimer lifted their price target on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. 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’s stock. According to data from MarketBeat.com, WillScot has an average rating of “Hold” and a consensus target price of $25.38.

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.