WillScot Holdings Corporation $WSC Shares Sold by Nissay Asset Management Corp Japan ADV

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 lessened its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 28.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 657,278 shares of the company's stock after selling 261,848 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.36% of WillScot worth $18,272,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the period. State of Wyoming purchased a new position in shares of WillScot during the 4th quarter worth $34,000. Golden State Wealth Management LLC lifted its stake in shares of WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after purchasing an additional 1,122 shares during the period. CWM LLC lifted its stake in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of WillScot by 28.0% during 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 during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot

In other news, CEO Bradley Lee Soultz purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of $24.85 per share, with a total value of $49,700.00. Following the transaction, the chief executive officer owned 418,376 shares in the company, valued at approximately $10,396,643.60. The trade was a 0.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the company'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 value of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 15,000 shares of company stock valued at $387,650. Corporate insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

WSC has been the subject of several research reports. DA Davidson lowered their price objective 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. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Morgan Stanley lowered their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $36.00.

WillScot Stock Up 2.9%

Shares of NASDAQ WSC traded up $0.67 during trading on Thursday, reaching $23.56. 598,316 shares of the stock were exchanged, compared to its average volume of 2,613,391. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month 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 company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. The business's 50-day moving average price is $26.69 and its 200 day moving average price is $27.32.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results 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 return on equity of 24.83% and a net margin of 4.66%.The company had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period in the previous year, the business posted $0.39 EPS. 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. As a group, equities analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

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

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.