WillScot Holdings Corporation $WSC Shares Acquired by Altrinsic Global Advisors LLC

Key Points

• Altrinsic Global Advisors increased its stake in WillScot by 93.8% in Q3, buying an additional 204,884 shares to hold 423,304 shares (about 0.23% of the company) valued at roughly $8.94 million.
• Several other institutions made large moves — notably Norges Bank opened a new ~ $125.1 million stake and managers like Dimensional, Geode, Van Berkom and River Road materially increased holdings — leaving institutional ownership at 95.81%.
• WillScot recently missed EPS estimates ($0.29 vs. $0.33) but beat revenue expectations ($565.97M vs. $545.34M), while showing a high debt-to-equity of 4.15, a negative PE (-59.97) and a declared quarterly dividend of $0.07 (annualized yield ~1.6%).

Altrinsic Global Advisors LLC increased its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 93.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,304 shares of the company's stock after purchasing an additional 204,884 shares during the quarter. Altrinsic Global Advisors LLC owned approximately 0.23% of WillScot worth $8,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WSC. Norges Bank acquired a new stake in shares of WillScot during the 2nd quarter worth about $125,126,000. Dimensional Fund Advisors LP grew its holdings in shares of WillScot by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,547,129 shares of the company's stock worth $74,874,000 after buying an additional 33,383 shares in the last quarter. Geode Capital Management LLC raised its position in shares of WillScot by 2.2% in the second quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company's stock valued at $89,829,000 after buying an additional 71,347 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of WillScot by 26.8% during the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company's stock valued at $64,483,000 after buying an additional 645,246 shares during the period. Finally, River Road Asset Management LLC lifted its stake in shares of WillScot by 75.6% during the second quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company's stock valued at $84,338,000 after buying an additional 1,237,097 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Performance

Shares of WillScot stock opened at $17.99 on Friday. 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's 50-day simple moving average is $21.18 and its 200-day simple moving average is $20.97. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The firm has a market cap of $3.25 billion, a PE ratio of -59.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.WillScot's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Equities analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. WillScot's payout ratio is -93.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WSC shares. William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, March 5th. Barclays raised their price target on WillScot from $18.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, March 6th. Oppenheimer boosted their price objective on shares of WillScot from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Robert W. Baird reissued a "neutral" rating and set a $23.00 target price (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded WillScot from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, WillScot presently has an average rating of "Hold" and a consensus price target of $25.50.

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.

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.