Nykredit A S Buys New Shares in WillScot Holdings Corporation $WSC

Nykredit A S acquired a new stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 1,873,281 shares of the company’s stock, valued at approximately $54,063,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in shares of WillScot in the second quarter worth about $43,000. Leonteq Securities AG bought a new position in WillScot during the fourth quarter valued at approximately $68,000. Parallel Advisors LLC grew its holdings in WillScot by 96.3% during the 1st quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock valued at $70,000 after buying an additional 1,987 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in WillScot by 78.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,575 shares of the company’s stock valued at $105,000 after buying an additional 2,447 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in WillScot by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 5,826 shares of the company’s stock worth $168,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Down 0.8%

Shares of NASDAQ:WSC opened at $18.17 on Friday. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -47.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31. The firm’s 50 day moving average price is $22.86 and its 200 day moving average price is $23.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. WillScot Holdings Corporation has a fifty-two week low of $14.91 and a fifty-two week high of $29.77.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The company had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that WillScot Holdings Corporation will post 1.12 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Analyst Upgrades and Downgrades

WSC has been the topic of several recent analyst reports. Citigroup increased their target price on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Finally, Barclays upped their price objective on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.50.

WillScot Company Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and storage solutions. The company serves construction, commercial, education, healthcare, government and other organizations that need temporary, relocatable or expandable facilities.

Its offerings include mobile offices, modular buildings, classrooms, portable restrooms, storage containers and other portable structures. WillScot also provides related services such as delivery, installation, relocation, dismantling, site services, furnishings and facility accessories, allowing customers to deploy complete temporary or semi-permanent workspaces.

The company was formed through the 2020 combination of WillScot Corporation and Mobile Mini, bringing together modular workspace and portable storage operations.