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

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares in the last quarter. State of Wyoming bought a new stake in shares of WillScot in the 4th quarter worth $34,000. Golden State Wealth Management LLC increased its holdings in shares of WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after purchasing an additional 1,122 shares in the last quarter. CWM LLC increased its holdings in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the acquisition, the director owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders purchased 15,000 shares of company stock valued at $387,650. Company insiders own 3.10% of the company's stock.

WillScot Stock Performance

Shares of WSC opened at $23.01 on Friday. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. 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 $4.19 billion, a P/E ratio of 38.35, a PEG ratio of 2.10 and a beta of 1.13. The business has a fifty day moving average of $26.47 and a 200 day moving average of $27.17.

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

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's payout ratio is currently 46.67%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WSC. DA Davidson reduced their target price on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 1st. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, Morgan Stanley reduced their target price on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.00.

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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.