WillScot Holdings Corporation $WSC Shares Acquired by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC increased its holdings in WillScot Holdings Corporation by 5.3%, owning 620,627 shares valued at approximately $17.25 million as of the latest SEC filing.
• A variety of institutional investors have also increased their stakes, with GAMMA Investing LLC and Golden State Wealth Management LLC boosting their positions by 273.2% and 428.2% respectively during the first quarter.
• WillScot announced a $0.07 quarterly dividend to be paid on September 17th, reflecting an annualized payout of $0.28 and a dividend yield of 1.2%.

Granahan Investment Management LLC boosted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 620,627 shares of the company's stock after acquiring an additional 31,458 shares during the quarter. Granahan Investment Management LLC owned 0.34% of WillScot worth $17,253,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 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 worth $26,000 after buying an additional 683 shares in the last quarter. State of Wyoming purchased a new position in WillScot during the 4th quarter worth $34,000. Golden State Wealth Management LLC raised its stake in WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC raised its stake in WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp increased 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 valued at $66,000 after buying an additional 516 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Stock Performance

NASDAQ:WSC traded down $0.13 on Wednesday, hitting $22.71. The stock had a trading volume of 547,035 shares, compared to its average volume of 2,616,950. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.07 and a beta of 1.14. The business's 50-day simple moving average is $26.81 and its two-hundred day simple moving average is $27.35.

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

WillScot Announces Dividend

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

Insider Activity at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was 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 of the company's stock, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the purchase, the chief executive officer owned 126,817 shares of the company's stock, valued at $3,214,810.95. The trade was a 2.42% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 15,000 shares of company stock worth $387,650 in the last quarter. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSC. DA Davidson lowered their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Morgan Stanley lowered their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, WillScot has a consensus 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.