WillScot Holdings Corporation $WSC Holdings Reduced by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in WillScot Holdings by 3.5%, holding 357,993 shares valued at approximately $9.95 million after selling 12,800 shares.
• WillScot reported earnings of $0.27 per share for the latest quarter, missing expectations by $0.09, and experienced a 2.6% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.07 per share to be paid on September 17, with a current payout ratio of 46.67% and an annualized dividend yield of 1.2%.

Swiss National Bank lowered its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,993 shares of the company's stock after selling 12,800 shares during the quarter. Swiss National Bank owned 0.20% of WillScot worth $9,952,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after buying an additional 516 shares in the last quarter. Xponance Inc. lifted its holdings in WillScot by 4.2% in the 1st quarter. Xponance Inc. now owns 14,101 shares of the company's stock worth $392,000 after buying an additional 568 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after buying an additional 583 shares in the last quarter. GAMMA Investing LLC lifted its holdings in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares in the last quarter. Finally, CWM LLC lifted its holdings in WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after buying an additional 827 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Transactions at WillScot

In other news, CEO Bradley Lee Soultz bought 2,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $24.85 per share, for a total transaction 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. This trade represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dominick P. Zarcone bought 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the transaction, the director owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,000 shares of company stock valued at $387,650. Insiders own 3.10% of the company's stock.

WillScot Stock Performance

Shares of NASDAQ:WSC traded up $0.31 during trading on Tuesday, reaching $24.49. 1,923,560 shares of the company's stock traded hands, compared to its average volume of 2,675,935. 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 12 month low of $21.91 and a 12 month high of $42.15. The company has a 50 day moving average of $27.85 and a 200-day moving average of $28.77. The stock has a market capitalization of $4.46 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.20.

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 analysts' consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The business had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. During the same period in the prior year, the company earned $0.39 EPS. WillScot's quarterly revenue was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. On average, equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's dividend payout ratio is currently 46.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WSC. 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 report on Friday, August 1st. Morgan Stanley cut their target price 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. Finally, William Blair restated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.