WillScot Holdings Corporation $WSC Holdings Increased by Ananym Capital Management LP

Key Points

• Ananym Capital Management LP increased its holdings in WillScot Holdings Corporation by 12.4% in the first quarter, owning 428,110 shares valued at approximately $11.9 million, representing 5.9% of its overall portfolio.
• WillScot reported Q2 earnings of $0.27 per share, missing estimates, with a revenue of $589.08 million but a 2.6% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.07 per share, with a dividend yield of 1.2% and a payout ratio of 46.67%.

Ananym Capital Management LP increased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 12.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 428,110 shares of the company's stock after purchasing an additional 47,125 shares during the period. WillScot accounts for 5.9% of Ananym Capital Management LP's holdings, making the stock its 10th biggest holding. Ananym Capital Management LP owned about 0.23% of WillScot worth $11,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSC. GAMMA Investing LLC raised its holdings 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 during the last quarter. State of Wyoming acquired a new stake in WillScot during the fourth quarter valued at $34,000. Golden State Wealth Management LLC grew its position in 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 buying an additional 1,122 shares during the period. CWM LLC grew 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 valued at $49,000 after purchasing an additional 827 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Down 1.9%

Shares of WillScot stock traded down $0.45 during trading hours on Tuesday, hitting $23.79. The company had a trading volume of 1,829,600 shares, compared to its average volume of 2,210,983. The company has a market cap of $4.33 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The company's 50-day moving average is $27.27 and its two-hundred day moving average is $27.86. 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 twelve month low of $21.91 and a twelve month high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. Analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders 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 currently 46.67%.

Insider Activity

In other news, Director Dominick P. Zarcone purchased 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were bought at an average cost of $26.19 per share, with a total value of $261,900.00. Following the purchase, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders purchased 15,000 shares of company stock worth $387,650 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WSC shares. William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley reduced their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, 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. 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.com, the company presently has an average rating of "Hold" and a consensus target price of $36.00.

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.