Van Berkom & Associates Inc. Buys 122,229 Shares of WillScot Holdings Corporation $WSC

Key Points

• Van Berkom & Associates Inc. raised its stake in WillScot by 4.0%, acquiring 122,229 shares to hold 3,176,865 shares (about 1.75% of the company) valued at roughly $59.82 million per its SEC filing.
• WillScot's latest quarter missed EPS ($0.29 vs. $0.33 expected) while reporting revenue of $565.97M that beat estimates but was down 6.1% year‑over‑year; the company posted a negative net margin (-2.32%) and pays a $0.07 quarterly dividend (1.3% yield).
• WSC trades around $21.88 with a ~$3.96B market cap and a negative P/E (-72.93); analysts' consensus is Hold with an average target of $23.50, and institutional investors own 95.81% of the shares.

Van Berkom & Associates Inc. raised its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,176,865 shares of the company's stock after acquiring an additional 122,229 shares during the period. Van Berkom & Associates Inc. owned approximately 1.75% of WillScot worth $59,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC lifted its stake in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company's stock valued at $25,000 after acquiring an additional 679 shares during the period. CWM LLC lifted its stake in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company's stock valued at $39,000 after acquiring an additional 567 shares during the period. Danske Bank A S bought a new position in WillScot during the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC lifted its stake in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company's stock valued at $58,000 after acquiring an additional 1,565 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company's stock valued at $61,000 after acquiring an additional 543 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Trading Down 3.6%

WSC stock opened at $21.88 on Tuesday. The firm has a fifty day moving average price of $19.73 and a 200 day moving average price of $20.16. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. 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 firm has a market cap of $3.96 billion, a PE ratio of -72.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share 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 business had revenue of $565.97 million during the quarter, compared to analysts' expectations of $545.34 million. During the same period last year, the business posted $0.48 earnings per share. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate that WillScot Holdings Corporation will post 1.05 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. WillScot's dividend payout ratio (DPR) is -93.33%.

Analysts Set New Price Targets

WSC has been the topic of several recent research reports. Barclays increased their price objective on shares of WillScot from $18.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, March 6th. Wall Street Zen cut shares of WillScot from a "hold" rating to a "sell" rating in a research note on Monday, February 23rd. Robert W. Baird reiterated a "neutral" rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Zacks Research upgraded shares of WillScot from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, UBS Group initiated 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 equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.50.

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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