FORA Capital LLC Invests $383,000 in WillScot Holdings Corporation $WSC

Key Points

• FORA Capital LLC has acquired a new stake of 13,777 shares in WillScot Holdings Corporation, valued at approximately $383,000, during the first quarter.
• Insiders at WillScot have been active, with CEO Bradley Lee Soultz purchasing 3,000 shares at an average price of $25.35, while EVP Hezron T. Lopez sold 22,000 shares at $24.63.
• Research analysts have lowered price targets for WillScot, with Morgan Stanley setting a new objective of $37.00, while the stock currently has an average rating of "Hold" and a price target of $36.00.

FORA Capital LLC acquired a new position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,777 shares of the company's stock, valued at approximately $383,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in WillScot by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock worth $509,811,000 after acquiring an additional 1,924,653 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in WillScot in the 1st quarter worth about $145,392,000. Ameriprise Financial Inc. raised its stake in shares of WillScot by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock worth $161,641,000 after purchasing an additional 223,462 shares in the last quarter. Turtle Creek Asset Management Inc. raised its stake in shares of WillScot by 23.9% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock worth $120,248,000 after purchasing an additional 693,243 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of WillScot by 1.8% during the 1st quarter. Westfield Capital Management Co. LP now owns 2,803,085 shares of the company's stock worth $77,926,000 after purchasing an additional 48,502 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on WSC. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. DA Davidson cut their price target on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Morgan Stanley cut their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note 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's stock. According to MarketBeat.com, WillScot currently has a consensus rating of "Hold" and a consensus target price of $36.00.

WillScot Stock Performance

Shares of WSC stock traded down $0.32 during trading on Monday, reaching $24.24. The company had a trading volume of 1,962,519 shares, compared to its average volume of 2,412,970. The firm's 50 day simple moving average is $27.40 and its two-hundred day simple moving average is $27.98. 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 one year low of $21.91 and a one year high of $42.15. The company has a market capitalization of $4.41 billion, a PE ratio of 40.40, a PEG ratio of 2.16 and a beta of 1.14.

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 analysts' consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same period in the previous year, the business posted $0.39 earnings per share. The firm's revenue was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. Sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm 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 $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. WillScot's dividend payout ratio (DPR) is 46.67%.

Insider Buying and Selling at WillScot

In other WillScot news, CEO Bradley Lee Soultz bought 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $24.85 per share, with a total value of $49,700.00. Following the acquisition, the chief executive officer directly owned 418,376 shares of the company's stock, valued at $10,396,643.60. This represents a 0.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was acquired at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director directly owned 15,384 shares in the company, valued at approximately $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 15,000 shares of company stock valued at $387,650 in the last 90 days. 3.10% of the stock is currently owned by insiders.

WillScot 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.