Price T Rowe Associates Inc. MD Sells 3,369,098 Shares of WillScot Holdings Corporation $WSC

Key Points

• Price T Rowe Associates Inc. sold 3,369,098 shares of WillScot Holdings Corporation, reducing its stake by 52.5%, and now owns 1.66% of the company valued at approximately $84.8 million.
• WillScot reported earnings per share (EPS) of $0.27 for the last quarter, missing analysts' consensus estimates of $0.36, and had a revenue decline of 2.6% year-over-year, totaling $589.08 million.
• The company declared a quarterly dividend of $0.07 per share, with an annualized yield of 1.1%, to be paid on September 17th to investors of record.

Price T Rowe Associates Inc. MD trimmed its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 52.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,050,051 shares of the company's stock after selling 3,369,098 shares during the period. Price T Rowe Associates Inc. MD owned 1.66% of WillScot worth $84,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its holdings in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares during the period. Xponance Inc. grew its holdings in WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after purchasing an additional 568 shares during the period. Avantax Advisory Services Inc. grew its holdings in WillScot by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock valued at $209,000 after purchasing an additional 583 shares during the period. GAMMA Investing LLC grew its holdings in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares during the period. Finally, CWM LLC grew its holdings in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after purchasing an additional 827 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Trading Down 0.7%

NASDAQ:WSC opened at $24.75 on Tuesday. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $42.15. The company has a market cap of $4.51 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.22 and a beta of 1.20. The stock's fifty day moving average price is $27.52 and its two-hundred day moving average price is $28.35.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $587.07 million. During the same quarter last year, the business posted $0.39 EPS. The company's quarterly revenue was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. As a group, analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is 46.67%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WSC shares. DA Davidson reduced 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. Morgan Stanley reduced 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, William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, WillScot has a consensus rating of "Hold" and an average price target of $36.00.

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.

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