Public Employees Retirement System of Ohio Invests $1.45 Million in WillScot Holdings Corporation $WSC

Public Employees Retirement System of Ohio acquired a new stake in 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 acquired 50,339 shares of the company's stock, valued at approximately $1,453,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in WillScot in the 4th quarter valued at $757,000. Hsbc Holdings PLC increased its holdings in shares of WillScot by 494.6% during the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company's stock worth $1,073,000 after purchasing an additional 47,344 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in shares of WillScot by 27.3% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company's stock worth $136,624,000 after purchasing an additional 1,686,077 shares during the period. Mraz Amerine & Associates Inc. raised its position in shares of WillScot by 65.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company's stock valued at $2,038,000 after buying an additional 42,915 shares during the last quarter. Finally, Clearline Capital LP raised its position in shares of WillScot by 79.4% during the fourth quarter. Clearline Capital LP now owns 160,940 shares of the company's stock valued at $3,030,000 after buying an additional 71,251 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Price Performance

NASDAQ:WSC opened at $19.98 on Tuesday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81. The company has a 50-day moving average of $24.28 and a 200-day moving average of $23.24. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $29.77. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 1.17 and a beta of 1.31.

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

WillScot Dividend Announcement

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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 2nd. WillScot's dividend payout ratio is currently -73.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WSC. Citigroup lifted their target price on WillScot from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Barclays raised their price objective on WillScot from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Morgan Stanley lifted their price objective on WillScot from $23.00 to $29.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of WillScot in a report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.50.

About WillScot

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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