Copeland Capital Management LLC Boosts Stock Position in WillScot Holdings Corporation $WSC

Key Points

• Copeland Capital Management LLC boosted its stake in WillScot by 7.6% in Q4, adding 97,162 shares to own 1,377,098 shares (about 0.76% of the company) worth roughly $25.93 million.
• Analysts hold a consensus "Hold" on WSC with an average price target of $23.50; three analysts rate it Buy, seven Hold, and one Sell, while some firms (Oppenheimer, Morgan Stanley) recently raised price targets.
• WillScot reported Q4 EPS of $0.29 (missing estimates by $0.04) on $565.97 million revenue (down 6.1% YoY), and announced a $0.07 quarterly dividend (annualized yield ~1.2%).

Copeland Capital Management LLC grew its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,377,098 shares of the company's stock after acquiring an additional 97,162 shares during the period. Copeland Capital Management LLC owned 0.76% of WillScot worth $25,931,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its position in shares of WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company's stock worth $25,000 after acquiring an additional 679 shares in the last quarter. CWM LLC lifted its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company's stock worth $39,000 after acquiring an additional 567 shares in the last quarter. Danske Bank A S purchased a new stake in shares of WillScot in the third quarter worth $44,000. CIBC Private Wealth Group LLC raised its position in shares of WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company's stock worth $58,000 after buying an additional 1,565 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company's stock worth $61,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on WillScot from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of WillScot in a research report on Wednesday, January 21st. Oppenheimer increased their price objective on WillScot from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, March 5th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $23.50.

WillScot Stock Up 3.5%

WSC opened at $22.49 on Friday. The stock has a market cap of $4.07 billion, a PE ratio of -74.97, a P/E/G ratio of 1.59 and a beta of 1.16. 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 52 week low of $14.91 and a 52 week high of $31.88. The business's fifty day simple moving average is $19.65 and its 200 day simple moving average is $20.16.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.29 EPS 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 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%. The firm's revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. As a group, research analysts expect that WillScot Holdings Corporation will post 1.05 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 4th. WillScot's dividend payout ratio is currently -93.33%.

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.

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