Granahan Investment Management LLC Acquires 31,458 Shares of WillScot Holdings Corporation $WSC

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 raised its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 620,627 shares of the company's stock after buying an additional 31,458 shares during the period. Granahan Investment Management LLC owned about 0.34% of WillScot worth $17,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WSC. GAMMA Investing LLC increased its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the last quarter. State of Wyoming bought a new stake in WillScot during the 4th quarter valued at $34,000. Golden State Wealth Management LLC raised its holdings in WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after buying an additional 1,122 shares during the last quarter. CWM LLC raised its holdings in WillScot by 89.9% in the 1st 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 raised its holdings in WillScot by 28.0% in the 1st 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. Institutional investors own 95.81% of the company's stock.

WillScot Stock Performance

Shares of NASDAQ WSC traded down $0.51 during trading on Monday, reaching $23.20. 2,226,414 shares of the company traded hands, compared to its average volume of 2,101,673. The firm has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $27.39. 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 capitalization of $4.22 billion, a PE ratio of 17.18, a P/E/G ratio of 2.12 and a beta of 1.14. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results 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). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million for the quarter, compared to analysts' expectations of $587.07 million. During the same period in the previous year, the business earned $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. Equities research analysts anticipate 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 paid a dividend of $0.07 per share. 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 presently 46.67%.

Wall Street Analyst Weigh In

WSC has been the subject of several research reports. William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. 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. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, WillScot currently has an average rating of "Hold" and a consensus price target of $36.00.

Insiders Place Their Bets

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired 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 $402,906.96. This represents a 185.74% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 15,000 shares of company stock worth $387,650. Company insiders own 3.10% of the company's stock.

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.