Barrow Hanley Mewhinney & Strauss LLC Buys 90,752 Shares of WillScot Holdings Corporation $WSC

Barrow Hanley Mewhinney & Strauss LLC increased its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,481,461 shares of the company’s stock after buying an additional 90,752 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.36% of WillScot worth $52,384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in 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 acquiring an additional 662 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of WillScot by 22.9% in 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 in the last quarter. MAI Capital Management raised its holdings in shares of WillScot by 106.2% in the 3rd quarter. MAI Capital Management now owns 6,516 shares of the company’s stock valued at $138,000 after purchasing an additional 3,356 shares in the last quarter. State of Wyoming lifted its position in shares of WillScot by 55.8% in the 3rd quarter. State of Wyoming now owns 8,751 shares of the company’s stock worth $185,000 after purchasing an additional 3,133 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $215,000. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Down 1.7%

WillScot stock opened at $19.47 on Wednesday. The business’s 50-day moving average price is $21.20 and its 200 day moving average price is $21.07. 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 firm has a market cap of $3.52 billion, a price-to-earnings ratio of -64.90, a price-to-earnings-growth ratio of 1.44 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.

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

WillScot Announces Dividend

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 paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. WillScot’s payout ratio is currently -93.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WSC. Citigroup cut their target price on WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley raised their price target on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. DA Davidson cut their price objective on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Finally, Barclays increased their target price on shares of WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.50.

WillScot 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.