Edgestream Partners L.P. Makes New $1.79 Million Investment in WillScot Holdings Corporation $WSC

Edgestream Partners L.P. purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 103,283 shares of the company’s stock, valued at approximately $1,793,000.

A number of other hedge funds have also recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new stake in shares of WillScot in the fourth quarter worth $757,000. Hsbc Holdings PLC grew its position in WillScot by 494.6% during the fourth quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after buying an additional 47,344 shares in the last quarter. Mraz Amerine & Associates Inc. grew its position in WillScot by 65.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock worth $2,038,000 after buying an additional 42,915 shares in the last quarter. Clearline Capital LP increased its stake in WillScot by 79.4% in the 4th quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock worth $3,030,000 after acquiring an additional 71,251 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in WillScot by 4.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock worth $59,820,000 after acquiring an additional 122,229 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Trading Up 5.9%

Shares of WSC stock opened at $25.72 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The firm has a market cap of $4.65 billion, a P/E ratio of -67.68, a price-to-earnings-growth ratio of 1.44 and a beta of 1.33. The business has a 50-day moving average price of $26.80 and a two-hundred day moving average price of $23.07. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $29.77.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.WillScot’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. Equities analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

Insider Buying and Selling

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 155,781 shares of company stock worth $4,205,113 in the last quarter. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Robert W. Baird set a $26.00 price objective on WillScot in a report on Friday, May 8th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Finally, UBS Group assumed coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WillScot currently has an average rating of “Hold” and an average target price of $26.25.

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.