Douglass Winthrop Advisors LLC Sells 35,536 Shares of WillScot Holdings Corporation $WSC

Douglass Winthrop Advisors LLC decreased its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 24.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,812 shares of the company’s stock after selling 35,536 shares during the period. Douglass Winthrop Advisors LLC’s holdings in WillScot were worth $2,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased 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 purchasing an additional 543 shares during the last quarter. MAI Capital Management lifted its position in WillScot by 106.2% in the 3rd quarter. MAI Capital Management now owns 6,516 shares of the company’s stock worth $138,000 after buying an additional 3,356 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in WillScot in the second quarter worth approximately $215,000. State of Wyoming boosted its stake in WillScot by 55.8% in the third quarter. State of Wyoming now owns 8,751 shares of the company’s stock worth $185,000 after buying an additional 3,133 shares in the last quarter. Finally, Diametric Capital LP bought a new position in WillScot during the second quarter valued at approximately $254,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on WSC. DA Davidson decreased their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Citigroup reduced their target price on shares of WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley lifted their target price on shares of WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Wall Street Zen lowered shares of WillScot from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price objective (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, WillScot presently has a consensus rating of “Hold” and a consensus target price of $25.50.

WillScot Stock Down 0.8%

Shares of NASDAQ WSC opened at $19.32 on Thursday. The firm’s fifty day moving average is $21.21 and its 200 day moving average is $21.06. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -64.40, a PEG ratio of 1.41 and a beta of 1.08.

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 the consensus estimate of $0.33 by ($0.04). The firm had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. On average, equities research analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

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.