Nuveen LLC Purchases New Shares in WillScot Holdings Corporation $WSC

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 shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock valued at $509,811,000 after purchasing an additional 1,924,653 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of WillScot during the 1st quarter valued at $145,392,000. Ameriprise Financial Inc. increased its position in shares of WillScot by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after purchasing an additional 223,462 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of WillScot by 23.9% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock valued at $120,248,000 after purchasing an additional 693,243 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of WillScot by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock valued at $97,654,000 after purchasing an additional 47,158 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price 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 trade 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 available through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm's 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 completion of the transaction, the executive vice president owned 54,038 shares of the company's stock, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders purchased 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.

WillScot Trading Down 3.2%

Shares of WSC opened at $23.70 on Thursday. The business has a 50-day moving average of $27.68 and a 200 day moving average of $28.71. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $42.15. The firm has a market cap of $4.32 billion, a P/E ratio of 39.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.20. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share 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 firm had revenue of $589.08 million during the quarter, compared to analysts' expectations of $587.07 million. During the same period last year, the business posted $0.39 EPS. The company's revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. As a group, research analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

The business 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 $0.07 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.2%. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WSC shares. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley decreased their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, DA Davidson decreased their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, WillScot currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.