Bernzott Capital Advisors Raises Holdings in WillScot Holdings Corporation $WSC

Bernzott Capital Advisors boosted its position in WillScot Holdings Corporation (NASDAQ:WSC) by 14.2% during the first quarter, Holdings Channel.com reports. The fund owned 163,207 shares of the company’s stock after purchasing an additional 20,328 shares during the quarter. Bernzott Capital Advisors’ holdings in WillScot were worth $2,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its stake in shares of WillScot by 11.8% in the 1st quarter. Whittier Trust Co. now owns 46,872 shares of the company’s stock valued at $847,000 after purchasing an additional 4,954 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in WillScot by 119.5% during the 1st quarter. K.J. Harrison & Partners Inc now owns 260,800 shares of the company’s stock worth $4,527,000 after purchasing an additional 142,000 shares in the last quarter. Leonteq Securities AG increased its position in WillScot by 23.1% during the 1st quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock worth $78,000 after purchasing an additional 841 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in WillScot by 8.8% in the first quarter. Pictet Asset Management Holding SA now owns 31,618 shares of the company’s stock valued at $549,000 after buying an additional 2,569 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in WillScot in the first quarter valued at approximately $1,401,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price target on shares of WillScot in a research report 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 report on Tuesday, May 12th. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group started coverage on shares of WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.25.

Insiders Place Their Bets

In other news, Director Bradley Lee Soultz sold 86,421 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the completion of the sale, the director directly owned 197,595 shares in the company, valued at $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 155,781 shares of company stock valued at $4,205,113. Corporate insiders own 3.10% of the company’s stock.

WillScot Trading Up 2.6%

NASDAQ WSC opened at $25.78 on Friday. The company’s fifty day simple moving average is $26.26 and its 200-day simple moving average is $22.35. WillScot Holdings Corporation has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The stock has a market cap of $4.66 billion, a P/E ratio of -67.84, a PEG ratio of 1.49 and a beta of 1.32.

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

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s dividend payout ratio is presently -73.68%.

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.