1248 Management LLC Sells 18,332 Shares of WillScot Holdings Corporation $WSC

Key Points

• 1248 Management LLC significantly reduced its stake in WillScot Holdings Corporation by 95%, holding only 955 shares after selling 18,332 shares in the first quarter.
• In contrast, GAMMA Investing LLC and Golden State Wealth Management LLC made notable increases in their holdings, boosting shares by 273.2% and 428.2%, respectively.
• WillScot recently declared a quarterly dividend of $0.07 per share, which indicates a 1.2% yield and reflects a payout ratio of 46.67%.

1248 Management LLC trimmed its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 95.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 955 shares of the company's stock after selling 18,332 shares during the quarter. 1248 Management LLC's holdings in WillScot were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake 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 buying an additional 683 shares during the period. State of Wyoming bought a new position in WillScot in the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC grew its stake in WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC grew its stake in WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Stock Performance

WillScot stock traded up $0.36 during mid-day trading on Thursday, reaching $22.97. 490,905 shares of the company's stock were exchanged, compared to its average volume of 2,594,697. The business's fifty day simple moving average is $26.13 and its 200 day simple moving average is $26.96. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a one year low of $21.91 and a one year high of $42.15. The firm has a market capitalization of $4.18 billion, a PE ratio of 38.22, a P/E/G ratio of 2.07 and a beta of 1.13.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 net margin of 4.66% and a return on equity of 24.83%. 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 posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. On average, sell-side analysts expect 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. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.2%. WillScot's dividend payout ratio is 46.67%.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz bought 3,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the purchase, the chief executive officer directly owned 126,817 shares of the company's stock, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WSC shares. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley dropped their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, DA Davidson decreased their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, WillScot currently has a consensus rating of "Hold" and an average target price of $36.00.

About WillScot

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.