Madison Asset Management LLC Invests $1.32 Million in WillScot Holdings Corporation $WSC

Key Points

• Madison Asset Management purchased 45,772 WillScot shares worth approximately $1.32 million in the second quarter. Institutional investors collectively own 95.81% of the company.
• Analyst sentiment remains mixed, with three Buy, seven Hold, and one Sell rating; the consensus rating is Hold with a $26.50 target price.
• WillScot exceeded quarterly expectations, reporting $0.28 in EPS versus $0.25 expected and $612.15 million in revenue, up 3.9% year over year. The company also declared a quarterly dividend of $0.07 per share, yielding about 1.3% annually.

Madison Asset Management LLC purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,772 shares of the company's stock, valued at approximately $1,321,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its position in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company's stock worth $25,000 after purchasing an additional 679 shares during the period. Parallel Advisors LLC lifted its holdings in shares of WillScot by 149.9% in the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company's stock valued at $39,000 after buying an additional 1,238 shares during the period. CWM LLC lifted its holdings in shares of WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company's stock valued at $39,000 after buying an additional 567 shares during the period. Danske Bank A S purchased a new stake in shares of WillScot in the third quarter valued at approximately $44,000. Finally, CIBC Private Wealth Group LLC boosted its stake 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 valued at $58,000 after buying an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on WillScot from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Robert W. Baird set a $26.00 target price on shares of WillScot in a research report on Friday, May 8th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of WillScot in a research note on Monday. Barclays increased their price target on shares of WillScot from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Finally, Morgan Stanley raised their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.50.

WillScot Stock Performance

WSC opened at $22.00 on Friday. WillScot Holdings Corporation has a 1-year low of $14.91 and a 1-year high of $29.77. The stock has a market cap of $3.99 billion, a P/E ratio of -57.89, a P/E/G ratio of 1.32 and a beta of 1.33. The stock's 50 day simple moving average is $26.17 and its 200 day simple moving average is $23.30. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million during the quarter, compared to analysts' expectations of $585.43 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.WillScot's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.12 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. WillScot's payout ratio is -73.68%.

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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