Ameriprise Financial Inc. Has $118.02 Million Stock Holdings in WillScot Holdings Corporation $WSC

Key Points

• Ameriprise Financial Inc. reduced its stake in WillScot Holdings Corporation by 12.1%, now owning approximately 4.25 million shares valued at $118 million.
• WillScot reported Q2 earnings per share of $0.27, which fell short of the consensus estimate of $0.36, alongside a 2.6% decline in revenue compared to the previous year.
• The company's upcoming quarterly dividend is set at $0.07, with a dividend yield of 1.1% and a payout ratio of 46.67%.

Ameriprise Financial Inc. lessened its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,245,408 shares of the company's stock after selling 586,908 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.31% of WillScot worth $118,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares during the period. State of Wyoming acquired a new position in WillScot in the fourth quarter valued at approximately $34,000. Golden State Wealth Management LLC grew its holdings in shares of WillScot by 428.2% during the first 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 last quarter. 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 worth $49,000 after purchasing an additional 827 shares during the period. Finally, Fifth Third Bancorp lifted its holdings 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 purchasing an additional 516 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley lowered their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. DA Davidson lowered their price target on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Finally, William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.00.

WillScot Price Performance

NASDAQ WSC traded down $0.26 on Friday, reaching $24.30. The company's stock had a trading volume of 601,026 shares, compared to its average volume of 2,638,144. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $42.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The firm's 50 day moving average is $27.44 and its two-hundred day moving average is $28.21. The stock has a market cap of $4.42 billion, a PE ratio of 40.54, a PEG ratio of 2.22 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The business had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current 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 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 payout ratio is presently 46.67%.

Insider Transactions at WillScot

In related news, CEO Bradley Lee Soultz acquired 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the acquisition, the chief executive officer owned 418,376 shares in the company, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the acquisition, the director owned 15,384 shares of the company's stock, valued at approximately $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. Insiders have purchased 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.

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.