WillScot Holdings Corporation $WSC Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Key Points

• Grantham Mayo Van Otterloo & Co. LLC cut its stake by 31.1%, selling 194,905 WillScot shares and retaining 431,329 shares worth about $9.11 million (0.24% of the company).
• WillScot's latest quarter showed EPS of $0.29, missing estimates by $0.04 while revenue of $565.97M beat expectations, but the company had a negative net margin (-2.32%) and revenue was down 6.1% year‑over‑year.
• Shares trade near $19.80 with a $3.58B market cap and a negative P/E; analysts' consensus is a Hold with an average target of $25.50, and the company announced a $0.07 quarterly dividend (1.4% yield).

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 31.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,329 shares of the company's stock after selling 194,905 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.24% of WillScot worth $9,105,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its stake in WillScot by 74.6% in the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company's stock valued at $7,525,000 after buying an additional 117,309 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of WillScot by 2.1% during the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company's stock valued at $78,392,000 after acquiring an additional 57,946 shares in the last quarter. Van Berkom & Associates Inc. raised its position in shares of WillScot by 26.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company's stock valued at $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in WillScot in the 2nd quarter worth approximately $1,339,000. Finally, Oak Thistle LLC purchased a new stake in WillScot during the 3rd quarter worth approximately $1,649,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Price Performance

NASDAQ:WSC opened at $19.80 on Tuesday. The firm's fifty day moving average is $21.19 and its two-hundred day moving average is $21.11. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of -66.00, a PEG ratio of 1.40 and a beta of 1.08. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. 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 released its quarterly earnings data 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). The company 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 business's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. Research analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, March 4th. WillScot's dividend payout ratio (DPR) is currently -93.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WSC shares. Barclays lifted 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. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday. Robert W. Baird restated 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 raised WillScot from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of WillScot in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, WillScot has an average rating of "Hold" and an average target price of $25.50.

WillScot 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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