Diversified Management Inc. Buys Shares of 937,381 WillScot Holdings Corporation $WSC

Key Points

• Diversified Management Inc. bought a new stake of 937,381 shares of WillScot in Q4 (≈$17.65M), making it the firm's 5th-largest position and about 0.52% of WillScot's outstanding stock.
• WillScot reported Q4 EPS of $0.29 (missed estimates by $0.04) while revenue of $566M beat expectations but was down 6.1% YoY; the company trades at a negative P/E (−63.5) and has a high debt-to-equity ratio (4.15).
• 95.81% of the stock is held by institutions, analysts' consensus is a Hold with a $23.50 target, and the company pays a quarterly dividend of $0.07 (≈1.5% yield).

Diversified Management Inc. bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 937,381 shares of the company's stock, valued at approximately $17,651,000. WillScot makes up 4.1% of Diversified Management Inc.'s holdings, making the stock its 5th biggest position. Diversified Management Inc. owned approximately 0.52% of WillScot at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Turtle Creek Asset Management Inc. lifted its stake in shares of WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company's stock valued at $184,298,000 after purchasing an additional 3,645,350 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of WillScot by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,547,129 shares of the company's stock valued at $74,874,000 after purchasing an additional 33,383 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of WillScot by 26.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company's stock valued at $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Invesco Ltd. lifted its stake in shares of WillScot by 22.5% in the 3rd quarter. Invesco Ltd. now owns 2,834,634 shares of the company's stock valued at $59,839,000 after purchasing an additional 520,867 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of WillScot by 3.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,481,461 shares of the company's stock valued at $52,384,000 after purchasing an additional 90,752 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Stock Down 0.2%

Shares of NASDAQ WSC opened at $19.06 on Thursday. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. 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 capitalization of $3.45 billion, a price-to-earnings ratio of -63.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The business has a 50-day moving average of $19.72 and a two-hundred day moving average of $20.16.

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

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. WillScot's dividend payout ratio (DPR) is currently -93.33%.

Analyst Upgrades and Downgrades

WSC has been the topic of several research analyst reports. DA Davidson cut their price objective on WillScot from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of WillScot in a research note on Wednesday, January 21st. Morgan Stanley boosted their target price on WillScot from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Monday, February 23rd. Zacks Research raised WillScot from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, Barclays boosted their target price on WillScot from $18.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $23.50.

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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