25,035 Shares in WillScot Holdings Corporation $WSC Purchased by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC purchased 25,035 shares of WillScot Holdings Corporation for approximately $696,000 during the first quarter.
• Vanguard Group Inc. increased its holdings in WillScot by 11.7%, now owning over 18 million shares valued at approximately $509 million.
• The company announced a quarterly dividend of $0.07 per share, with a payout ratio of 46.67%, and a yield of 1.2%.

SCS Capital Management LLC purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,035 shares of the company's stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in WillScot by 11.7% in the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock worth $509,811,000 after purchasing an additional 1,924,653 shares during the period. Baillie Gifford & Co. acquired a new stake in WillScot in the first quarter worth about $145,392,000. Turtle Creek Asset Management Inc. lifted its holdings in WillScot by 23.9% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock valued at $120,248,000 after buying an additional 693,243 shares during the period. Alliancebernstein L.P. lifted its holdings in WillScot by 13.4% in the first quarter. Alliancebernstein L.P. now owns 2,875,109 shares of the company's stock valued at $79,928,000 after buying an additional 338,685 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in WillScot by 1.8% in the first quarter. Westfield Capital Management Co. LP now owns 2,803,085 shares of the company's stock valued at $77,926,000 after buying an additional 48,502 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction 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 directly owned 54,038 shares in the company, valued at $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer owned 418,376 shares of the company's stock, valued at $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 15,000 shares of company stock worth $387,650 over the last ninety days. Company insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

WSC has been the topic of several analyst reports. DA Davidson cut their price objective on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Morgan Stanley cut their target price on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, WillScot currently has a consensus rating of "Hold" and an average price target of $36.00.

WillScot Stock Up 0.3%

NASDAQ:WSC opened at $22.89 on Thursday. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $42.15. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.04 and a beta of 1.13. The stock has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $27.32.

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

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's payout ratio is presently 46.67%.

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.

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