AMI Asset Management Corp Sells 14,290 Shares of WillScot Holdings Corporation $WSC

Key Points

• AMI Asset Management Corp reduced its holdings in WillScot Holdings Corporation by 44.4%, selling 14,290 shares, and now owns 17,903 shares valued at $491,000.
• WillScot reported $0.27 EPS for the last quarter, missing the consensus estimate of $0.36, and revenue was down 2.6% year-over-year.
• The company announced a quarterly dividend of $0.07 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 46.67%.

AMI Asset Management Corp lessened its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 44.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,903 shares of the company's stock after selling 14,290 shares during the period. AMI Asset Management Corp's holdings in WillScot were worth $491,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares during the last quarter. Xponance Inc. grew its position in shares of WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after purchasing an additional 568 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of WillScot by 8.4% in the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after purchasing an additional 583 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of WillScot by 273.2% in 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. Finally, CWM LLC lifted its position in shares of WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after buying an additional 827 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Up 0.1%

Shares of WSC opened at $21.14 on Thursday. 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 Holdings Corporation has a 52-week low of $20.08 and a 52-week high of $42.15. The company has a market cap of $3.85 billion, a PE ratio of 35.23, a P/E/G ratio of 1.89 and a beta of 1.10. The business has a fifty day moving average of $24.40 and a 200 day moving average of $26.39.

WillScot (NASDAQ:WSC - Get Free Report) last released its 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 return on equity of 24.83% and a net margin of 4.66%.The firm had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same quarter last year, the business posted $0.39 EPS. WillScot's revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

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

Insider Activity at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 2,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer owned 418,376 shares in the company, valued at $10,396,643.60. This represents a 0.48% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

WSC has been the subject of several research analyst reports. Morgan Stanley cut 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. Jefferies Financial Group cut their target price on shares of WillScot from $32.00 to $23.00 and set a "hold" rating for the company in a report on Monday. Barclays reduced their price target on shares of WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 24th. UBS Group set a $35.00 price objective on shares of WillScot in a research report on Tuesday. Finally, DA Davidson dropped their price objective on shares of WillScot from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, WillScot has a consensus rating of "Hold" and an average price target of $32.13.

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.

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