Bislett Management LLC Has $28.50 Million Holdings in WillScot Holdings Corporation $WSC

Key Points

• Bislett Management LLC decreased its stake in WillScot Holdings Corporation by 7.7%, holding approximately 1,025,000 shares valued at $28.50 million.
• WillScot declared a quarterly dividend of $0.07, with an annualized yield of 1.2%, to be paid to investors of record on September 3rd.
• Analysts have set the consensus price target for WillScot at $36.00, with ratings that include three "Buy" and five "Hold" recommendations.

Bislett Management LLC reduced its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025,000 shares of the company's stock after selling 85,000 shares during the period. WillScot accounts for 20.2% of Bislett Management LLC's portfolio, making the stock its 2nd largest position. Bislett Management LLC owned approximately 0.56% of WillScot worth $28,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. purchased a new position in shares of WillScot in the 1st quarter valued at approximately $145,392,000. Vanguard Group Inc. boosted its holdings in shares of WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock valued at $509,811,000 after buying an additional 1,924,653 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of WillScot by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock worth $41,117,000 after buying an additional 1,137,890 shares during the period. Principal Financial Group Inc. grew its position in shares of WillScot by 8,012.5% in the 1st quarter. Principal Financial Group Inc. now owns 917,765 shares of the company's stock worth $25,514,000 after buying an additional 906,452 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its stake in shares of WillScot by 23.9% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock worth $120,248,000 after acquiring an additional 693,243 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 54,038 shares of the company's stock, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were bought at an average cost of $25.35 per share, with a total value of $76,050.00. Following the acquisition, the chief executive officer directly owned 126,817 shares of the company's stock, valued at $3,214,810.95. This trade represents a 2.42% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 15,000 shares of company stock valued at $387,650. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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

WillScot Stock Performance

NASDAQ:WSC traded up $1.52 on Friday, hitting $24.92. The stock had a trading volume of 3,070,392 shares, compared to its average volume of 2,773,663. The business's 50-day simple moving average is $27.56 and its two-hundred day simple moving average is $28.50. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 2.22 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 company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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%.WillScot's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. As a group, research analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

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

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.