Mitsubishi UFJ Trust & Banking Corp Sells 60,560 Shares of WillScot Holdings Corporation $WSC

Key Points

• Mitsubishi UFJ Trust & Banking cut its WillScot stake by 38.7%, selling 60,560 shares and retaining 96,028 shares worth about $1.81 million (roughly 0.05% of the company) in the quarter.
• Institutional ownership is very high at 95.81%, with several funds (notably Turtle Creek) materially increasing positions—Turtle Creek now holds 8.73 million shares—signaling concentrated institutional exposure.
• Wall Street sentiment is mixed: the consensus rating is Hold with a $23.50 target, while recent results missed EPS estimates and the stock traded around $21.88 (down 3.6%), market cap ~$3.96B, and a modest 1.3% dividend yield.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 38.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,028 shares of the company's stock after selling 60,560 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of WillScot worth $1,808,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. grew its holdings in WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company's stock worth $184,298,000 after acquiring an additional 3,645,350 shares during the last quarter. Dimensional Fund Advisors LP boosted 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. boosted 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. boosted 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 boosted 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WSC. Morgan Stanley upped their price objective on shares of WillScot from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Barclays upped 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. Citigroup reduced their price objective on shares of WillScot from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Wall Street Zen lowered shares of WillScot from a "hold" rating to a "sell" rating in a research note on Monday, February 23rd. Finally, UBS Group began coverage on shares of WillScot in a research note on Wednesday, April 8th. They issued a "neutral" rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $23.50.

WillScot Stock Down 3.6%

WillScot stock opened at $21.88 on Tuesday. 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 12-month low of $14.91 and a 12-month high of $31.88. The firm's fifty day moving average is $19.73 and its 200 day moving average is $20.16. The company has a market capitalization of $3.96 billion, a PE ratio of -72.93, a PEG ratio of 1.66 and a beta of 1.31.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The firm's revenue was down 6.1% on a year-over-year basis. As a group, sell-side analysts predict that WillScot Holdings Corporation will post 1.05 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, March 4th. WillScot's payout ratio is presently -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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.