59,505 Shares in WillScot Holdings Corporation $WSC Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,505 shares of the company's stock, valued at approximately $1,630,000.

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

WillScot Stock Performance

NASDAQ:WSC opened at $21.55 on Thursday. The business's 50-day moving average price is $22.77 and its two-hundred day moving average price is $25.67. WillScot Holdings Corporation has a twelve month low of $20.08 and a twelve month high of $42.15. The stock has a market cap of $3.92 billion, a P/E ratio of 35.92, a PEG ratio of 1.98 and a beta of 1.10. 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 (NASDAQ:WSC - Get Free Report) last announced 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). The firm 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 revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

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

Insider Activity

In other news, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz acquired 3,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the transaction, the chief executive officer directly owned 126,817 shares in the company, valued at approximately $3,214,810.95. The trade was a 2.42% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings restated a "sell (d+)" rating on shares of WillScot in a research note on Wednesday, October 8th. Robert W. Baird reduced their price objective on WillScot from $29.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday. DA Davidson reduced their price objective on WillScot from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, September 30th. UBS Group set a $35.00 price objective on WillScot in a research note on Tuesday, September 30th. Finally, Barclays cut their price target on WillScot from $34.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 24th. Four research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.89.

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.

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