Prudential Financial Inc. grew its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC – Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,259 shares of the company’s stock after purchasing an additional 2,701 shares during the period. Prudential Financial Inc. owned approximately 0.10% of WillScot worth $4,939,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. FORA Capital LLC bought a new stake in shares of WillScot in the 1st quarter worth $383,000. Vanguard Group Inc. grew its holdings in WillScot by 11.7% during the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock worth $509,811,000 after acquiring an additional 1,924,653 shares during the period. Allianz Asset Management GmbH raised its position in WillScot by 620.3% in the second quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock worth $1,855,000 after acquiring an additional 58,305 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in WillScot by 2.1% in the 2nd 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 during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of WillScot by 16,556.7% during the 1st quarter. Jones Financial Companies Lllp now owns 383,604 shares of the company’s stock valued at $10,664,000 after purchasing an additional 381,301 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.
WillScot Price Performance
WSC opened at $19.75 on Monday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 16.32, a PEG ratio of 1.77 and a beta of 1.12. The stock has a fifty day moving average of $20.41 and a 200-day moving average of $24.53. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $39.81.
WillScot Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. WillScot’s dividend payout ratio is 23.14%.
Wall Street Analyst Weigh In
A number of research firms recently commented on WSC. Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a report on Friday. Jefferies Financial Group cut their price objective on WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Citigroup initiated coverage on WillScot in a report on Monday, October 20th. They issued a “buy” rating and a $28.00 target price on the stock. Baird R W raised WillScot from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. Finally, DA Davidson decreased their price target on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WillScot currently has an average rating of “Moderate Buy” and an average price target of $27.13.
Read Our Latest Stock Analysis on WSC
About WillScot
WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.
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