Primecap Management Co. CA Has $28.97 Million Stock Holdings in WillScot Holdings Corporation $WSC

Primecap Management Co. CA grew its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 31.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,372,500 shares of the company’s stock after purchasing an additional 328,700 shares during the quarter. Primecap Management Co. CA’s holdings in WillScot were worth $28,973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Baird Financial Group Inc. grew its position in shares of WillScot by 74.6% in the 2nd 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 lifted its stake in shares of WillScot by 2.1% in the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after acquiring an additional 57,946 shares during the period. Van Berkom & Associates Inc. boosted its holdings in WillScot by 26.8% in the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after acquiring an additional 645,246 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in WillScot during the 2nd quarter valued at approximately $1,339,000. Finally, Oak Thistle LLC bought a new position in WillScot during the 3rd quarter worth approximately $1,649,000. 95.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSC. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Oppenheimer lifted their price objective on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday. Robert W. Baird restated a “neutral” rating and set a $23.00 target price (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Barclays decreased their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, WillScot has a consensus rating of “Hold” and a consensus price target of $25.38.

WillScot Trading Down 2.5%

NASDAQ WSC opened at $21.61 on Friday. 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 52 week low of $14.91 and a 52 week high of $33.32. The business has a 50 day moving average price of $21.07 and a 200-day moving average price of $21.31. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -72.03, a P/E/G ratio of 1.61 and a beta of 1.12.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $565.97 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. As a group, equities analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. WillScot’s payout ratio is presently -93.33%.

WillScot Company 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.