WillScot Holdings Corporation $WSC Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,873 shares of the company’s stock after selling 37,954 shares during the quarter. Marathon Asset Management Ltd owned about 0.21% of WillScot worth $7,247,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Salomon & Ludwin LLC increased its stake in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares during the period. CWM LLC increased its stake in shares of WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the period. Danske Bank A S acquired a new stake in shares of WillScot in the third quarter worth $44,000. CIBC Private Wealth Group LLC increased its stake in shares of WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in shares of WillScot in the fourth quarter worth $71,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of research reports. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $26.00 price objective on shares of WillScot in a research note on Friday, May 8th. Oppenheimer reiterated an “outperform” rating and issued a $29.00 price objective on shares of WillScot in a research note on Friday, May 8th. Morgan Stanley increased their price objective on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, WillScot currently has an average rating of “Hold” and an average price target of $25.88.

Insider Transactions at WillScot

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 155,781 shares of company stock worth $4,205,113 over the last quarter. Company insiders own 3.10% of the company’s stock.

WillScot Stock Performance

WSC opened at $22.86 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -60.16, a PEG ratio of 1.43 and a beta of 1.31. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $31.88. The firm’s fifty day simple moving average is $20.46 and its two-hundred day simple moving average is $20.38.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Equities analysts anticipate that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

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.