Alliancebernstein L.P. Has $79.93 Million Position in WillScot Holdings Corporation $WSC

Key Points

• AllianceBernstein L.P. increased its stake in WillScot Holdings Corporation by 13.4% in Q1, now holding approximately 1.57% of the company valued at $79.93 million.
• WillScot's quarterly earnings missed analyst expectations, reporting an EPS of $0.27 compared to the consensus estimate of $0.36, with revenues declining by 2.6% year-over-year.
• The company declared a quarterly dividend of $0.07 per share, which reflects an annualized dividend yield of 1.2%.

Alliancebernstein L.P. grew its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,875,109 shares of the company's stock after buying an additional 338,685 shares during the quarter. Alliancebernstein L.P. owned 1.57% of WillScot worth $79,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its stake in WillScot by 1.3% in the first quarter. Alyeska Investment Group L.P. now owns 730,291 shares of the company's stock valued at $20,302,000 after acquiring an additional 9,596 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of WillScot by 21.6% in the 1st quarter. Ancora Advisors LLC now owns 7,050 shares of the company's stock valued at $196,000 after purchasing an additional 1,250 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of WillScot by 67.6% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 74,505 shares of the company's stock valued at $2,072,000 after purchasing an additional 30,054 shares during the last quarter. Royal Bank of Canada increased its stake in shares of WillScot by 24.6% in the 1st quarter. Royal Bank of Canada now owns 33,684 shares of the company's stock valued at $936,000 after purchasing an additional 6,651 shares during the last quarter. Finally, Ananym Capital Management LP raised its holdings in shares of WillScot by 12.4% during the 1st quarter. Ananym Capital Management LP now owns 428,110 shares of the company's stock worth $11,901,000 after buying an additional 47,125 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

WillScot Trading Down 2.3%

NASDAQ WSC traded down $0.53 during trading hours on Friday, reaching $23.01. The company's stock had a trading volume of 1,889,275 shares, compared to its average volume of 1,921,773. The firm has a fifty day simple moving average of $26.47 and a 200-day simple moving average of $27.17. 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 52 week low of $21.91 and a 52 week high of $42.15. The stock has a market cap of $4.19 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.10 and a beta of 1.13.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The business had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company's revenue 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. Equities analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given 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 dividend payout ratio (DPR) is currently 46.67%.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz acquired 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of $25.35 per share, with a total value of $76,050.00. Following the completion of the purchase, the chief executive officer directly owned 126,817 shares in the company, valued at $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the 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 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. In the last three months, insiders have purchased 15,000 shares of company stock valued at $387,650. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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