Channing Capital Management LLC Raises Stock Holdings in WillScot Holdings Corporation $WSC

Channing Capital Management LLC grew its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 27.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 379,852 shares of the company's stock after acquiring an additional 81,952 shares during the quarter. Channing Capital Management LLC owned about 0.21% of WillScot worth $10,408,000 as of its most recent SEC filing.

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A number of other large investors have also recently made changes to their positions in WSC. Yousif Capital Management LLC lifted its position in WillScot by 0.7% during the second quarter. Yousif Capital Management LLC now owns 70,825 shares of the company's stock valued at $1,941,000 after purchasing an additional 515 shares during the period. Avantax Advisory Services Inc. raised its stake in WillScot by 8.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock valued at $209,000 after buying an additional 583 shares during the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of WillScot by 3.7% during the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company's stock valued at $500,000 after buying an additional 650 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company's stock valued at $58,000 after buying an additional 662 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of WillScot by 3.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 27,912 shares of the company's stock worth $765,000 after buying an additional 866 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WSC has been the subject of a number of research reports. Robert W. Baird set a $22.00 price objective on WillScot and gave the company an "outperform" rating in a research report on Friday, November 21st. Barclays reduced their price target on shares of WillScot from $22.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, November 10th. UBS Group set a $35.00 price objective on shares of WillScot in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of WillScot in a report on Wednesday, October 8th. Finally, Baird R W upgraded shares of WillScot from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.13.

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View Our Latest Research Report on WillScot

WillScot Trading Up 4.7%

WillScot stock opened at $21.02 on Thursday. WillScot Holdings Corporation has a 12-month low of $14.91 and a 12-month high of $39.81. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.80 and a beta of 1.12. The firm has a 50 day moving average of $20.32 and a 200 day moving average of $24.37. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $566.84 million for 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 company's revenue for the quarter 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. As a group, research analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 3rd. WillScot's dividend payout ratio is presently 23.14%.

About WillScot

(Free Report)

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.

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