WillScot Holdings Corporation $WSC Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in WillScot Holdings Corporation by 80.9%, owning 32,146 shares worth $888,000, according to a recent SEC filing.
• Other institutional investors, including Vanguard Group Inc. and Baillie Gifford & Co., also raised their stakes, indicating strong interest in WillScot among hedge funds and institutional investors.
• WillScot's latest quarterly earnings report showed a decline in revenue and a miss on earnings per share, which led to adjusted price targets from several analysts, reflecting cautious sentiment towards the stock.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 80.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,146 shares of the company's stock after purchasing an additional 14,372 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in WillScot were worth $888,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Amalgamated Bank boosted its holdings in shares of WillScot by 444.7% in the 1st quarter. Amalgamated Bank now owns 56,374 shares of the company's stock valued at $1,567,000 after acquiring an additional 46,024 shares during the last quarter. 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 acquiring an additional 683 shares during the last quarter. KBC Group NV boosted its holdings in shares of WillScot by 16.7% in the 1st quarter. KBC Group NV now owns 9,166 shares of the company's stock valued at $255,000 after acquiring an additional 1,312 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of WillScot in the 1st quarter valued at $1,148,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of WillScot in the 1st quarter valued at $10,987,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity

In other news, CEO Bradley Lee Soultz acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost 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 in the company, valued at approximately $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dominick P. Zarcone bought 10,000 shares of the 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 owned 15,384 shares of the company's stock, 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. Insiders acquired 15,000 shares of company stock worth $387,650 over the last three months. Insiders own 3.10% of the company's stock.

WillScot Price Performance

WSC traded down $0.29 during midday trading on Thursday, hitting $24.62. 775,445 shares of the company traded hands, compared to its average volume of 2,642,861. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 2.19 and a beta of 1.20. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15. The business has a 50 day simple moving average of $27.47 and a two-hundred day simple moving average of $28.30.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $589.08 million for the quarter, compared to analysts' expectations of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. On average, equities analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio is 46.67%.

Wall Street Analyst Weigh In

Several analysts have recently commented on WSC shares. DA Davidson dropped their price objective on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Morgan Stanley lowered their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.00.

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.