Maryland State Retirement & Pension System Has $729,000 Holdings in WillScot Holdings Corporation $WSC

Maryland State Retirement & Pension System trimmed its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 44.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,542 shares of the company’s stock after selling 27,427 shares during the period. Maryland State Retirement & Pension System’s holdings in WillScot were worth $729,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of WSC. Evergreen Capital Management LLC acquired a new position in shares of WillScot during the 3rd quarter valued at $270,000. Nisa Investment Advisors LLC grew its holdings in WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the period. SG Americas Securities LLC increased its stake in WillScot by 632.2% in the third quarter. SG Americas Securities LLC now owns 46,654 shares of the company’s stock valued at $985,000 after purchasing an additional 40,282 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of WillScot by 46.4% during the third quarter. Copeland Capital Management LLC now owns 1,279,936 shares of the company’s stock valued at $27,019,000 after purchasing an additional 405,901 shares during the period. Finally, Live Oak Private Wealth LLC acquired a new position in shares of WillScot during the third quarter valued at about $4,025,000. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

Shares of WillScot stock opened at $21.62 on Thursday. The company has a market cap of $3.93 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $39.60. The business has a 50 day moving average price of $19.80 and a 200-day moving average price of $22.63. 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 announced its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.WillScot’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is presently 23.14%.

Analyst Ratings Changes

WSC has been the subject of several research reports. Robert W. Baird restated a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of WillScot in a research note on Wednesday. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. UBS Group set a $35.00 price objective on WillScot in a report on Tuesday, September 30th. Finally, Barclays cut their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.88.

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.