530,068 Shares in WillScot Holdings Corporation $WSC Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in WillScot Holdings, buying 530,068 shares valued at approximately $14.7 million, increasing its ownership to about 0.29% of the company.
• CEO Bradley Lee Soultz purchased 3,000 shares at an average price of $25.35, while EVP Hezron T. Lopez sold 22,000 shares at an average price of $24.63, indicating mixed insider confidence.
• WillScot announced a quarterly dividend of $0.07 per share, with a dividend yield of 1.2%, and reported a revenue decline of 2.6% year-over-year in its latest earnings release.

Nuveen LLC bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 530,068 shares of the company's stock, valued at approximately $14,736,000. Nuveen LLC owned about 0.29% of WillScot as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WSC. Baillie Gifford & Co. bought a new stake in WillScot in the first quarter valued at $145,392,000. Vanguard Group Inc. lifted its stake in WillScot by 11.7% in the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock valued at $509,811,000 after buying an additional 1,924,653 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in WillScot by 1,246.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after buying an additional 1,137,890 shares during the last quarter. Principal Financial Group Inc. lifted its stake in WillScot by 8,012.5% in the first quarter. Principal Financial Group Inc. now owns 917,765 shares of the company's stock valued at $25,514,000 after buying an additional 906,452 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its stake in WillScot by 23.9% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock valued at $120,248,000 after buying an additional 693,243 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WSC shares. William Blair reiterated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. DA Davidson cut their price objective 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. Finally, Morgan Stanley cut their price objective 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.00.

Insider Buying and Selling

In related news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the company's stock in a transaction that occurred on 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 purchase, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 15,000 shares of company stock valued at $387,650. 3.10% of the stock is owned by corporate insiders.

WillScot Price Performance

WillScot stock traded down $0.21 during midday trading on Tuesday, hitting $24.54. The company's stock had a trading volume of 1,692,914 shares, compared to its average volume of 2,900,858. 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's 50-day moving average price is $27.49 and its 200-day moving average price is $28.33. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $42.15. The company has a market capitalization of $4.47 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $587.07 million. During the same quarter last year, the firm posted $0.39 earnings per share. WillScot's revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. WillScot's dividend payout ratio (DPR) is currently 46.67%.

WillScot 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.