Clearline Capital LP Has $1.89 Million Stake in WillScot Holdings Corporation $WSC

Clearline Capital LP lowered its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 83.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 89,689 shares of the company’s stock after selling 450,688 shares during the quarter. Clearline Capital LP’s holdings in WillScot were worth $1,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares in the last quarter. MAI Capital Management increased its stake in WillScot by 106.2% in the third quarter. MAI Capital Management now owns 6,516 shares of the company’s stock valued at $138,000 after purchasing an additional 3,356 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of WillScot during the second quarter valued at about $215,000. State of Wyoming raised its holdings in shares of WillScot by 55.8% during the third quarter. State of Wyoming now owns 8,751 shares of the company’s stock valued at $185,000 after purchasing an additional 3,133 shares during the period. Finally, Diametric Capital LP bought a new position in shares of WillScot during the 2nd quarter worth about $254,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Price Performance

WSC stock opened at $17.99 on Friday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The business has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $20.97. The company has a market capitalization of $3.25 billion, a P/E ratio of -59.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $31.88.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The company had revenue of $565.97 million during the quarter, compared to analysts’ expectations of $545.34 million. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Research analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, March 4th. WillScot’s dividend payout ratio is presently -93.33%.

Analyst Ratings Changes

Several brokerages have issued reports on WSC. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 price target (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Morgan Stanley upped their target price on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, William Blair restated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.50.

About WillScot

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.