Chevy Chase Trust Holdings LLC Buys 870 Shares of WillScot Holdings Corporation $WSC

Chevy Chase Trust Holdings LLC grew its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,131 shares of the company’s stock after acquiring an additional 870 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in WillScot were worth $689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WSC. GAMMA Investing LLC raised its position in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after purchasing an additional 683 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company’s stock valued at $38,000 after buying an additional 1,122 shares during the period. Generate Investment Management Ltd raised its holdings in shares of WillScot by 25.1% in the first quarter. Generate Investment Management Ltd now owns 803,643 shares of the company’s stock valued at $22,341,000 after acquiring an additional 161,237 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in WillScot in the first quarter worth about $10,987,000. Finally, KBC Group NV grew its holdings in WillScot by 16.7% during the 1st quarter. KBC Group NV now owns 9,166 shares of the company’s stock worth $255,000 after acquiring an additional 1,312 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Up 2.5%

WillScot stock opened at $22.23 on Wednesday. WillScot Holdings Corporation has a 1-year low of $20.08 and a 1-year high of $42.15. The business has a fifty day moving average price of $22.85 and a 200-day moving average price of $25.70. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.05 and a beta of 1.10.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $589.08 million during the quarter, compared to analysts’ expectations of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Equities research analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot’s payout ratio is currently 46.67%.

Insider Buying and Selling

In related news, EVP Hezron T. Lopez sold 22,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, the executive vice president directly owned 54,038 shares of the company’s stock, valued at $1,330,955.94. This represents a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, with a total value of $76,050.00. Following the transaction, the chief executive officer owned 126,817 shares in the company, valued at $3,214,810.95. This trade represents a 2.42% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Robert W. Baird reduced their price objective on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday. Barclays lowered their target price on WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, September 24th. UBS Group set a $35.00 price target on WillScot in a report on Tuesday, September 30th. Finally, Citigroup initiated coverage on WillScot in a research note on Monday. They set a “buy” rating and a $28.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.89.

WillScot Company Profile

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.