Altrinsic Global Advisors LLC Has $6.07 Million Stock Holdings in WillScot Holdings Corporation $WSC

Key Points

• Altrinsic Global Advisors LLC increased its position in WillScot Holdings by 67.1%, acquiring an additional 87,717 shares in the first quarter, which raises its total holdings to approximately $6.1 million.
• WillScot Holdings reported a loss of $0.09 per share in its latest earnings, falling short of analysts' expectations, with a year-over-year revenue decline of 2.6%.
• The company declared a quarterly dividend of $0.07 per share, set to be paid on September 17th, equating to an annualized yield of 1.1%.

Altrinsic Global Advisors LLC boosted its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 67.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,506 shares of the company's stock after buying an additional 87,717 shares during the quarter. Altrinsic Global Advisors LLC owned approximately 0.12% of WillScot worth $6,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake 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 acquiring an additional 516 shares during the last quarter. Xponance Inc. boosted its holdings in WillScot by 4.2% in the 1st quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after purchasing an additional 568 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock valued at $209,000 after buying an additional 583 shares during the period. GAMMA Investing LLC increased its holdings in shares of WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the last quarter. Finally, CWM LLC raised its position in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after buying an additional 827 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz purchased 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dominick P. Zarcone bought 10,000 shares of WillScot stock in a transaction on Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director directly owned 15,384 shares in the company, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 15,000 shares of company stock valued at $387,650. Company insiders own 3.10% of the company's stock.

WillScot Stock Down 1.3%

Shares of WillScot stock traded down $0.32 during trading on Friday, hitting $24.24. 1,962,519 shares of the stock were exchanged, compared to its average volume of 2,646,627. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15. The firm's 50-day moving average price is $27.40 and its 200 day moving average price is $28.12. 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 (NASDAQ:WSC - Get Free Report) last issued 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). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. During the same quarter last 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, 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 declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is 46.67%.

Wall Street Analysts Forecast Growth

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

WillScot 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.