Riverbridge Partners LLC Cuts Holdings in WillScot Holdings Corporation $WSC

Riverbridge Partners LLC trimmed its position in WillScot Holdings Corporation (NASDAQ:WSC) by 8.2% during the third quarter, HoldingsChannel.com reports. The firm owned 749,968 shares of the company’s stock after selling 67,373 shares during the quarter. Riverbridge Partners LLC’s holdings in WillScot were worth $15,832,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WSC. First Horizon Advisors Inc. increased its position in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares in the last quarter. Quarry LP acquired a new stake in shares of WillScot in the first quarter worth $80,000. Plato Investment Management Ltd acquired a new stake in shares of WillScot in the first quarter worth $99,000. GAMMA Investing LLC raised its stake in shares of WillScot by 338.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock valued at $112,000 after acquiring an additional 3,157 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of WillScot during the 2nd quarter valued at $131,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

WSC stock opened at $18.86 on Monday. The stock’s 50 day moving average is $20.02 and its two-hundred day moving average is $23.72. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $39.60. The company has a market capitalization of $3.43 billion, a PE ratio of 15.59, a P/E/G ratio of 1.69 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, December 3rd. WillScot’s dividend payout ratio is 23.14%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WSC. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Robert W. Baird set a $22.00 target price on WillScot and gave the stock an “outperform” rating in a research report on Friday, November 21st. DA Davidson dropped their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, UBS Group set a $35.00 target price on shares of WillScot in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, WillScot has an average rating of “Moderate Buy” and an average price target of $26.63.

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.