Nykredit A S Purchases Shares of 2,631,133 WillScot Holdings Corporation $WSC

Key Points

• Nykredit A/S acquired 2.63 million WillScot shares worth approximately $75.9 million, giving it a 1.45% stake. Institutional investors and hedge funds collectively own 95.81% of the company.
• Analysts maintain a generally cautious outlook, with three Buy, seven Hold and one Sell rating. The consensus price target is $26.50, although several firms recently raised their targets.
• WillScot exceeded quarterly expectations, reporting $0.28 EPS and $612.15 million in revenue, up 3.9% year over year. The company also declared a quarterly dividend of $0.07 per share, a 1.4% annualized yield.

Nykredit A S purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,631,133 shares of the company's stock, valued at approximately $75,934,000. Nykredit A S owned 1.45% of WillScot as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in WillScot in the 2nd quarter valued at $43,000. Parallel Advisors LLC increased its holdings in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company's stock worth $39,000 after purchasing an additional 1,238 shares in the last quarter. CWM LLC raised its stake 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 purchasing an additional 567 shares during the period. Danske Bank A S acquired a new stake in shares of WillScot in the 3rd quarter valued at about $44,000. Finally, CIBC Private Wealth Group LLC lifted its holdings 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 purchasing an additional 1,565 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSC has been the subject of several recent research reports. Citigroup upped their price objective on WillScot from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Barclays boosted their target price on WillScot from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, August 10th. Oppenheimer reaffirmed an "outperform" rating and set a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Wall Street Zen raised shares of WillScot from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an "equal weight" rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.50.

WillScot Trading Down 0.6%

WillScot stock opened at $19.58 on Thursday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -51.53, a P/E/G ratio of 1.15 and a beta of 1.31. The firm has a 50-day moving average of $24.83 and a 200-day moving average of $23.28. 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 Holdings Corporation has a one year low of $14.91 and a one year high of $29.77.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results 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. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The business had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. WillScot's revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that WillScot Holdings Corporation will post 1.12 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. WillScot's dividend payout ratio is presently -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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