Ananym Capital Management LP Has $11.90 Million Stock Position in WillScot Holdings Corporation $WSC

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 lifted its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,110 shares of the company's stock after buying an additional 47,125 shares during the period. WillScot makes up 5.9% of Ananym Capital Management LP's investment portfolio, making the stock its 10th largest holding. Ananym Capital Management LP owned about 0.23% of WillScot worth $11,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of WillScot by 28.0% during 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 in the last quarter. Xponance Inc. grew its position in WillScot by 4.2% in the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock worth $392,000 after acquiring an additional 568 shares in the last quarter. Avantax Advisory Services Inc. grew its position in 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 acquiring an additional 583 shares in the last quarter. GAMMA Investing LLC grew its position in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares in the last quarter. Finally, CWM LLC grew its holdings in WillScot by 89.9% in 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 last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WSC shares. Morgan Stanley decreased their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. DA Davidson lowered their target price on 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 reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.00.

Insiders Place Their Bets

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the completion of the transaction, the executive vice president directly owned 54,038 shares in the company, valued at $1,330,955.94. This represents a 28.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the transaction, the director directly owned 15,384 shares in the company, valued at approximately $402,906.96. The trade was a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 15,000 shares of company stock worth $387,650 in the last three months. 3.10% of the stock is owned by company insiders.

WillScot Price Performance

WSC traded up $0.14 on Friday, reaching $23.76. The company had a trading volume of 838,680 shares, compared to its average volume of 2,627,796. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 2.09 and a beta of 1.13. The business has a 50 day simple moving average of $27.10 and a 200 day simple moving average of $27.73. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week 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.

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

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio is presently 46.67%.

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.