WillScot Holdings Corporation $WSC Shares Sold by Steph & Co.

Steph & Co. decreased its position in WillScot Holdings Corporation (NASDAQ:WSC) by 44.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,096 shares of the company’s stock after selling 4,786 shares during the quarter. Steph & Co.’s holdings in WillScot were worth $167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WSC. Fifth Third Bancorp boosted its position in WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock valued at $66,000 after buying an additional 516 shares during the last quarter. Xponance Inc. grew its stake in WillScot by 4.2% during the 1st quarter. Xponance Inc. now owns 14,101 shares of the company’s stock valued at $392,000 after purchasing an additional 568 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in WillScot by 8.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock worth $209,000 after purchasing an additional 583 shares during the last quarter. GAMMA Investing LLC raised its position in shares of WillScot by 273.2% in 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. Finally, CWM LLC boosted its stake in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after buying an additional 827 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WillScot news, CEO Bradley Lee Soultz purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the transaction, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

WillScot Stock Performance

Shares of NASDAQ WSC opened at $20.83 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The firm’s 50-day moving average price is $25.15 and its two-hundred day moving average price is $26.63. WillScot Holdings Corporation has a 52-week low of $20.80 and a 52-week high of $42.15. The stock has a market capitalization of $3.79 billion, a P/E ratio of 34.72, a P/E/G ratio of 1.92 and a beta of 1.13.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The company had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.WillScot’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot’s dividend payout ratio is 46.67%.

Analysts Set New Price Targets

A number of analysts recently issued reports on WSC shares. Morgan Stanley dropped their price target on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. DA Davidson cut their target price on shares of WillScot from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. William Blair reiterated a “market perform” rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Barclays cut their price objective on WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.00.

WillScot 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.