State of New Jersey Common Pension Fund D Grows Stock Holdings in WillScot Holdings Corporation $WSC

State of New Jersey Common Pension Fund D boosted its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,056 shares of the company's stock after purchasing an additional 49,156 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.08% of WillScot worth $2,637,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company's stock valued at $936,000 after acquiring an additional 6,651 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of WillScot by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company's stock valued at $20,145,000 after acquiring an additional 8,963 shares during the period. Creative Planning raised its stake in shares of WillScot by 6.9% in the second quarter. Creative Planning now owns 15,814 shares of the company's stock valued at $433,000 after acquiring an additional 1,024 shares during the period. American Century Companies Inc. raised its stake in shares of WillScot by 3.0% in the second quarter. American Century Companies Inc. now owns 46,781 shares of the company's stock valued at $1,282,000 after acquiring an additional 1,374 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of WillScot by 48.8% in the second quarter. Hsbc Holdings PLC now owns 11,676 shares of the company's stock valued at $320,000 after acquiring an additional 3,827 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Robert W. Baird reissued a "neutral" rating and issued a $23.00 target price (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. DA Davidson reduced their target price on shares of WillScot from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of WillScot in a research note on Wednesday, January 21st. UBS Group assumed coverage on shares of WillScot in a research note on Wednesday, April 8th. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Citigroup reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.50.

WillScot Trading Up 4.4%

NASDAQ WSC opened at $22.84 on Wednesday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -76.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31. The company's 50-day simple moving average is $19.73 and its two-hundred day simple moving average is $20.17. WillScot Holdings Corporation has a one year low of $14.91 and a one year high of $31.88.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $565.97 million for the quarter, compared to analysts' expectations of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The company's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Equities analysts forecast that WillScot Holdings Corporation will post 1.05 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given 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 yield of 1.2%. WillScot's dividend payout ratio (DPR) is -93.33%.

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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