WillScot Holdings Corporation $WSC Stock Position Raised by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stock position in WillScot Holdings Corporation by 67.6% during the first quarter, owning 74,505 shares valued at approximately $2,072,000.
• Insider trading showed mixed activity, with EVP Hezron T. Lopez selling 22,000 shares while Director Dominick P. Zarcone acquired 10,000 shares, reflecting a significant shift in ownership positions.
• Analysts have adjusted their price targets for WillScot, with DA Davidson lowering it from $45.00 to $40.00 and Morgan Stanley from $39.00 to $37.00, indicating cautious sentiment towards the stock.

Federation des caisses Desjardins du Quebec lifted its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 67.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,505 shares of the company's stock after buying an additional 30,054 shares during the period. Federation des caisses Desjardins du Quebec's holdings in WillScot were worth $2,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the period. State of Wyoming acquired a new position in shares of WillScot during the fourth quarter worth $34,000. Golden State Wealth Management LLC lifted its position in shares of WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after purchasing an additional 1,122 shares in the last quarter. CWM LLC lifted its position in shares of WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Stock Down 2.3%

WSC traded down $0.53 during trading on Friday, hitting $23.01. The company had a trading volume of 1,889,275 shares, compared to its average volume of 1,921,773. The company has a market cap of $4.19 billion, a PE ratio of 38.35, a P/E/G ratio of 2.10 and a beta of 1.13. The business has a 50-day moving average of $26.47 and a 200-day moving average of $27.17. 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 1-year low of $21.91 and a 1-year high of $42.15.

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

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Insiders Place Their Bets

In other WillScot news, Director Dominick P. Zarcone bought 10,000 shares of the company's 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 completion of the acquisition, the director owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of $25.35 per share, with a total value of $76,050.00. Following the transaction, the chief executive officer owned 126,817 shares in the company, valued at approximately $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 15,000 shares of company stock valued at $387,650 in the last quarter. Insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of recent research reports. DA Davidson reduced their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. William Blair reissued a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Morgan Stanley reduced their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently 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.