Victory Capital Management Inc. Grows Stock Holdings in WillScot Holdings Corporation $WSC

Victory Capital Management Inc. lifted its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 4,964.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,631,072 shares of the company’s stock after purchasing an additional 1,598,863 shares during the period. Victory Capital Management Inc. owned 0.90% of WillScot worth $34,432,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WSC. Norges Bank purchased a new position in WillScot during the second quarter worth approximately $125,126,000. Geode Capital Management LLC increased its stake in shares of WillScot by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock worth $89,829,000 after acquiring an additional 71,347 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of WillScot by 26.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after acquiring an additional 645,246 shares during the period. River Road Asset Management LLC boosted its position in shares of WillScot by 75.6% during the 2nd quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company’s stock valued at $84,338,000 after acquiring an additional 1,237,097 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of WillScot by 2.1% during 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. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Trading Down 4.0%

NASDAQ WSC opened at $19.26 on Monday. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The stock has a market capitalization of $3.48 billion, a P/E ratio of -64.20, a PEG ratio of 1.40 and a beta of 1.08. The firm’s 50-day moving average is $21.18 and its two-hundred day moving average is $21.13. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88.

WillScot (NASDAQ:WSC) last announced 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). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The company had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. WillScot’s revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. WillScot’s payout ratio is presently -93.33%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. William Blair restated a “market perform” rating on shares of WillScot in a research report on Thursday. Wall Street Zen lowered shares of WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. DA Davidson cut their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Citigroup upped their price objective on WillScot from $25.00 to $26.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WillScot currently has a consensus rating of “Hold” and a consensus price target of $25.88.

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.