99,562 Shares in WillScot Holdings Corporation $WSC Purchased by Long Focus Capital Management LLC

Key Points

• Long Focus Capital bought a new stake: The firm purchased 99,562 WillScot shares (~$2.10 million), representing about 0.05% of the company, and institutional investors now own 95.81% of the stock.
• Mixed recent financials: WillScot reported Q results with $0.29 EPS (miss) and $565.97M revenue (beat) while revenue was down 6.1% YoY; the company has a $3.22B market cap, a negative P/E (-59.27), a high debt-to-equity ratio (4.15), and declared a $0.07 quarterly dividend (1.6% yield).
• Analyst sentiment is cautious: The stock carries an average rating of "Hold" with a consensus price target of $25.50, amid a mix of recent target increases and some sell/neutral reports.

Long Focus Capital Management LLC bought a new stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,562 shares of the company's stock, valued at approximately $2,102,000. Long Focus Capital Management LLC owned approximately 0.05% of WillScot as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada increased its position 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 increased its holdings in shares of WillScot by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company's stock valued at $20,145,000 after acquiring an additional 8,963 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 purchasing an additional 8,042 shares during the last quarter. Geode Capital Management LLC raised its position in shares of WillScot by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company's stock worth $89,829,000 after purchasing an additional 71,347 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in WillScot by 4.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 68,046 shares of the company's stock worth $1,864,000 after purchasing an additional 2,753 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Trading Down 1.2%

Shares of WSC stock opened at $17.78 on Tuesday. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -59.27, a PEG ratio of 1.31 and a beta of 1.08. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The firm has a fifty day moving average price of $21.14 and a 200-day moving average price of $20.89.

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

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.6%. WillScot's payout ratio is currently -93.33%.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of analyst reports. Barclays raised their price objective on shares of WillScot from $18.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, March 6th. Morgan Stanley upped their target price on shares of WillScot from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Monday, February 23rd. Weiss Ratings reissued a "sell (d+)" rating on shares of WillScot in a research report on Wednesday, January 21st. Robert W. Baird restated a "neutral" rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Finally, Wall Street Zen cut WillScot from a "hold" rating to a "sell" rating in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.50.

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.

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