WillScot Holdings Corporation $WSC Shares Sold by Skylands Capital LLC

Key Points

• Skylands Capital trimmed its stake in WillScot by 21.6%, selling 52,050 shares and ending the quarter with 189,100 shares valued at about $3.56 million (≈0.10% of the company).
• WillScot reported Q results showing a miss on EPS ($0.29 vs. $0.33 expected) but revenue beat ($565.97M vs. $545.34M), with revenue down 6.1% year‑over‑year and a market cap of $4.12B.
• Analysts are mixed: the consensus rating is a Hold with an average price target of $23.50 after several recent upgrades and downgrades.

Skylands Capital LLC trimmed its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,100 shares of the company's stock after selling 52,050 shares during the period. Skylands Capital LLC owned about 0.10% of WillScot worth $3,561,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of 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 last quarter. CWM LLC raised its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company's stock worth $39,000 after purchasing an additional 567 shares during the period. Salomon & Ludwin LLC raised its position in shares of WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company's stock worth $25,000 after purchasing an additional 679 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of WillScot by 0.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company's stock valued at $5,092,000 after purchasing an additional 714 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of WillScot by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 103,421 shares of the company's stock valued at $1,946,000 after purchasing an additional 929 shares during the last quarter. Institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. DA Davidson dropped their price target on WillScot from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Oppenheimer raised their target price on shares of WillScot from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Zacks Research raised shares of WillScot from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 24th. Robert W. Baird restated a "neutral" rating and set a $23.00 price target (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of WillScot from a "hold" rating to a "sell" rating in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.50.

WillScot Trading Up 0.5%

Shares of NASDAQ:WSC opened at $22.78 on Tuesday. The firm has a fifty day moving average of $19.69 and a two-hundred day moving average of $20.14. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $31.88. The firm has a market capitalization of $4.12 billion, a P/E ratio of -75.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly 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). The company 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%.The company's revenue was down 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. On average, equities analysts expect that WillScot Holdings Corporation will post 1.05 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, March 4th. WillScot's payout ratio is currently -93.33%.

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.

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