23,400 Shares in WillScot Holdings Corporation $WSC Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

Key Points

• GABELLI & Co INVESTMENT ADVISERS INC. acquired 23,400 shares of WillScot Holdings Corporation, valued at approximately $651,000, signaling institutional interest in the company.
• Several other investors also increased their stakes, with GAMMA Investing LLC raising its position by 273.2% in the first quarter.
• WillScot reported a quarterly earnings miss with an EPS of $0.27, below the consensus estimate of $0.36, amidst a 2.6% year-over-year revenue decline.

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,400 shares of the company's stock, valued at approximately $651,000.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of WillScot by 444.7% in the first quarter. Amalgamated Bank now owns 56,374 shares of the company's stock valued at $1,567,000 after acquiring an additional 46,024 shares during the period. GAMMA Investing LLC boosted its stake in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares in the last quarter. KBC Group NV lifted its stake in shares of WillScot by 16.7% in the first quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after buying an additional 1,312 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of WillScot in the first quarter worth approximately $1,148,000. Finally, Allspring Global Investments Holdings LLC bought a new position in WillScot during the first quarter valued at approximately $10,987,000. 95.81% of the stock is owned by institutional investors.

WillScot Stock Down 1.3%

NASDAQ WSC traded down $0.32 during trading on Friday, reaching $24.24. 1,962,519 shares of the company's stock traded hands, compared to its average volume of 2,800,107. The company's 50 day simple moving average is $27.40 and its two-hundred day simple moving average is $28.12. 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 $21.91 and a 12-month high of $42.15. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The firm 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 quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.07 dividend. The ex-dividend date 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 related news, EVP Hezron T. Lopez sold 22,000 shares of the business's 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 completion of the transaction, the executive vice president directly owned 54,038 shares in the company, valued at $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Bradley Lee Soultz bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $24.85 per share, with a total value of $49,700.00. Following the completion of the purchase, the chief executive officer owned 418,376 shares in the company, valued at approximately $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 15,000 shares of company stock worth $387,650. Company insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WSC. Morgan Stanley lowered their price objective 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. DA Davidson cut their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $36.00.

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.