Copeland Capital Management LLC Purchases New Shares in WillScot Holdings Corporation $WSC

Key Points

• Copeland Capital Management LLC acquired 874,035 shares of WillScot Holdings Corporation, valued at approximately $23.95 million, increasing its ownership to 0.48% as of the latest filing with the SEC.
• The company's CEO, Bradley Lee Soultz, bought 2,000 shares for $49,700, while EVP Hezron T. Lopez sold 22,000 shares, reflecting a significant change in insider ownership.
• WillScot's recent quarterly earnings showed an EPS of $0.27, missing estimates, while the company declared a dividend of $0.07, resulting in an annualized yield of 1.3%.

Copeland Capital Management LLC purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 874,035 shares of the company's stock, valued at approximately $23,949,000. Copeland Capital Management LLC owned 0.48% of WillScot as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WSC. GAMMA Investing LLC grew its stake 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 in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares during the last quarter. CWM LLC lifted its holdings in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after acquiring an additional 827 shares during the last quarter. Fifth Third Bancorp raised its holdings in 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 during the last quarter. Finally, Quarry LP bought a new position in WillScot in the 1st quarter worth $80,000. Institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot

In related news, CEO Bradley Lee Soultz purchased 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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 of the company's stock, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Analyst Ratings Changes

WSC has been the topic of a number of recent analyst reports. UBS Group set a $35.00 price target on shares of WillScot in a report on Tuesday. Morgan Stanley decreased their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Barclays cut their price objective on shares of WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 24th. Jefferies Financial Group reduced their target price on WillScot from $32.00 to $23.00 and set a "hold" rating for the company in a research note on Monday. Finally, DA Davidson cut their target price on WillScot from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $32.13.

WillScot Price Performance

Shares of WSC opened at $21.45 on Friday. 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 12 month low of $20.08 and a 12 month high of $42.15. The stock has a fifty day moving average price of $24.20 and a 200 day moving average price of $26.33. The company has a market cap of $3.91 billion, a P/E ratio of 35.75, a PEG ratio of 1.90 and a beta of 1.10.

WillScot (NASDAQ:WSC - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $587.07 million. During the same quarter last year, the company posted $0.39 EPS. The business's revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. On average, research analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 3rd. WillScot's 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.

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