Advantage Alpha Capital Partners LP Has $5.44 Million Holdings in WillScot Holdings Corporation $WSC

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in WillScot Holdings Corporation by 11.2%, now holding 195,513 shares valued at approximately $5.4 million.
• Institutional investors own 95.81% of WillScot's stock, with significant increases from Amalgamated Bank and GAMMA Investing LLC during the first quarter.
• WillScot announced a quarterly dividend of $0.07 per share, representing an annual yield of 1.2%, with the dividend payment scheduled for September 17th.

Advantage Alpha Capital Partners LP cut its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,513 shares of the company's stock after selling 24,680 shares during the period. WillScot comprises about 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 20th biggest position. Advantage Alpha Capital Partners LP owned about 0.11% of WillScot worth $5,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of WillScot by 444.7% during the first quarter. Amalgamated Bank now owns 56,374 shares of the company's stock worth $1,567,000 after buying an additional 46,024 shares during the period. GAMMA Investing LLC lifted its holdings in shares of WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the period. KBC Group NV lifted its holdings in shares of WillScot by 16.7% during the first quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after purchasing an additional 1,312 shares during the period. New York State Teachers Retirement System acquired a new stake in WillScot in the first quarter valued at $1,148,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of WillScot during the 1st quarter worth $10,987,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Stock Performance

NASDAQ:WSC traded up $0.40 during mid-day trading on Wednesday, hitting $24.94. 661,440 shares of the company's stock traded hands, compared to its average volume of 2,650,031. The firm has a 50 day moving average of $27.49 and a two-hundred day moving average of $28.33. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $42.15. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results 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 company had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. During the same quarter last year, the business earned $0.39 EPS. WillScot's quarterly revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. On average, equities analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot's payout ratio is 46.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley decreased 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. Finally, DA Davidson reduced their target price on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, WillScot has an average rating of "Hold" and a consensus price target of $36.00.

Insider Buying and Selling

In related news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the sale, the executive vice president owned 54,038 shares of the company's stock, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the transaction, the chief executive officer owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. The trade was a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 15,000 shares of company stock valued at $387,650 over the last three months. Company insiders own 3.10% of the company's stock.

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.