WillScot Stock Loses Royal Bank of Canada's Support as Other Investors Boost Holdings

Royal Bank of Canada cut its stake in WillScot Holdings Corporation by 85.9% during the first quarter, according to a recent filing with the SEC. The firm owned 169,489 shares of WSC stock after selling 1,031,270 shares during the quarter. This reduction puts Royal Bank of Canada's holding at just 0.09% of WillScot's total value, worth approximately $2.94 million.

Other institutional investors also made changes to their holdings in WillScot. Salomon & Ludwin LLC boosted its stake by 117.3% during the fourth quarter, owning 1,258 shares valued at $25,000. Parallel Advisors LLC raised its position in WSC by 149.9% in the same period.

WillScot's stock price has been trending upward, with a current ratio of 0.81 and a debt-to-equity ratio of 3.80. The company's market capitalization stands at $4.30 billion, and its P/E ratio is -62.53.