Nissay Asset Management Corp Japan ADV Has $18.27 Million Stake in WillScot Holdings Corporation $WSC

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in WillScot Holdings Corporation by 28.5% during the first quarter, selling 261,848 shares to own 657,278 shares valued at approximately $18.27 million.
• Vanguard Group Inc. increased its stake in WillScot by 11.7%, acquiring an additional 1.92 million shares, while other institutional investors also expanded their positions, maintaining that 95.81% of the stock is owned by institutional investors.
• WillScot recently reported a quarterly earnings miss with an EPS of $0.27, lower than analysts' expectations of $0.36, and declared a quarterly dividend of $0.07 per share, indicating a yield of 1.2%.

Nissay Asset Management Corp Japan ADV cut its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,278 shares of the company's stock after selling 261,848 shares during the period. Nissay Asset Management Corp Japan ADV owned 0.36% of WillScot worth $18,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares in the last quarter. State of Wyoming bought a new stake in shares of WillScot in the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC grew its stake in shares of 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 buying an additional 1,122 shares in the last quarter. CWM LLC grew its stake in shares of 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 buying an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after buying an additional 516 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Stock Performance

Shares of WSC stock traded down $0.51 during trading hours on Monday, reaching $23.20. 2,226,414 shares of the company's stock were exchanged, compared to its average volume of 2,101,673. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $42.15. The stock has a market capitalization of $4.22 billion, a P/E ratio of 38.67, a P/E/G ratio of 2.12 and a beta of 1.14. The business has a fifty day moving average price of $26.92 and a 200-day moving average price 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.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly 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 business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued 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 dividend yield of 1.2%. WillScot's payout ratio is 46.67%.

Analysts Set New Price Targets

WSC has been the subject of several recent research reports. Morgan Stanley lowered 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. DA Davidson lowered 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, William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, WillScot has a consensus rating of "Hold" and an average price target of $36.00.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 3,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the acquisition, the chief executive officer directly owned 126,817 shares in the company, valued at $3,214,810.95. This represents a 2.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 54,038 shares of the company's stock, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 15,000 shares of company stock worth $387,650 over the last three months. 3.10% of the stock is currently owned by insiders.

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.