Bislett Management LLC Cuts Stock 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 holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,025,000 shares of the company's stock after selling 85,000 shares during the period. WillScot comprises approximately 20.2% of Bislett Management LLC's portfolio, making the stock its 2nd biggest holding. Bislett Management LLC owned about 0.56% of WillScot worth $28,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WSC. GAMMA Investing LLC grew its position in WillScot by 273.2% during the first 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. State of Wyoming purchased a new stake in WillScot in the fourth quarter worth $34,000. Golden State Wealth Management LLC lifted its stake in WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC lifted its stake in WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp boosted its holdings 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 buying an additional 516 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

WillScot Price Performance

NASDAQ WSC traded up $0.03 during trading hours on Tuesday, reaching $24.78. The company's stock had a trading volume of 468,542 shares, compared to its average volume of 2,654,573. The firm's 50-day moving average price is $27.52 and its 200-day moving average price is $28.35. 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 1 year low of $21.91 and a 1 year high of $42.15. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 2.22 and a beta of 1.20.

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

WillScot Announces Dividend

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

Insider Transactions at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This represents a 185.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the 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 sale, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders have bought 15,000 shares of company stock valued at $387,650 in the last ninety days. Corporate insiders own 3.10% of the company's stock.

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.