WillScot Holdings Corporation $WSC Shares Acquired by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates increased its WillScot stake by 6.4% in the third quarter, adding 155,673 shares to bring its holding to about 2.61 million shares, worth roughly $44.8 million. Institutional investors own 95.81% of the company.
• Analyst sentiment is mixed: WillScot has a consensus Hold rating and an average price target of $24.11. Recent targets included cuts to $21 from Baird and $18 from UBS, while Bank of America maintained a Buy rating with a $26 target.
• WillScot reported quarterly earnings of $0.29 per share, slightly above estimates, and revenue of $601.34 million, ahead of forecasts and up 6.1% year over year. The company also announced a quarterly dividend of $0.07 per share.

Van Berkom & Associates Inc. boosted its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,605,874 shares of the company's stock after buying an additional 155,673 shares during the quarter. Van Berkom & Associates Inc. owned approximately 1.44% of WillScot worth $44,769,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new position in WillScot during the 3rd quarter worth approximately $318,000. Chicago Partners Investment Group LLC bought a new stake in shares of WillScot in the third quarter worth $240,000. Mraz Amerine & Associates Inc. lifted its position in shares of WillScot by 11.4% in the third quarter. Mraz Amerine & Associates Inc. now owns 121,904 shares of the company's stock worth $2,094,000 after purchasing an additional 12,515 shares in the last quarter. Markel Group Inc. bought a new stake in shares of WillScot in the third quarter worth $1,546,000. Finally, Vise Technologies Inc. boosted its holdings in WillScot by 245.4% during the third quarter. Vise Technologies Inc. now owns 27,334 shares of the company's stock worth $470,000 after purchasing an additional 19,420 shares during the last quarter. Institutional investors own 95.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $20.00 target price on shares of WillScot in a research report on Friday. Weiss Ratings reiterated a "sell (d)" rating on shares of WillScot in a research note on Monday, August 17th. Robert W. Baird cut their price target on shares of WillScot from $28.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, October 12th. Bank of America reissued a "buy" rating and set a $26.00 price target on shares of WillScot in a research report on Friday. Finally, UBS Group reduced their price objective on shares of WillScot from $29.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, October 16th. Four 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.11.

WillScot Stock Up 9.4%

NASDAQ:WSC opened at $20.63 on Tuesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. WillScot Holdings Corporation has a twelve month low of $14.91 and a twelve month high of $29.77. The stock's 50 day moving average price is $17.97 and its two-hundred day moving average price is $21.80. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $601.34 million during the quarter, compared to the consensus estimate of $586.11 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities research analysts expect that WillScot Holdings Corporation will post 1.14 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 2nd. WillScot's payout ratio is presently -82.35%.

WillScot Profile

WillScot provides modular space and portable storage solutions for businesses and organizations across North America. Its customers use the company's offerings for temporary, relocatable, and permanent space needs across industries including construction, commercial and industrial services, education, government, and energy.

Its products include modular offices and buildings, portable storage containers, and climate-controlled units. WillScot also offers related services and equipment, such as delivery and installation, furnishings, steps, and ramps, to help customers prepare and operate their spaces.

The company expanded its offerings through its 2020 merger with Mobile Mini, which combined WillScot's modular space business with Mobile Mini's portable storage operations.

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.