WillScot Holdings Corporation $WSC Shares Sold 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 trimmed its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,993 shares of the company's stock after selling 12,800 shares during the period. Swiss National Bank owned approximately 0.20% of WillScot worth $9,952,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, Director Dominick P. Zarcone bought 10,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director directly owned 15,384 shares in the company, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 15,000 shares of company stock worth $387,650 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, August 4th. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, DA Davidson reduced their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.00.

WillScot Stock Performance

WSC traded down $0.30 on Thursday, reaching $23.40. The stock had a trading volume of 2,264,780 shares, compared to its average volume of 2,749,711. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The business's 50-day moving average price is $27.59 and its two-hundred day moving average price is $28.62. The company has a market cap of $4.26 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. During the same quarter last year, the business earned $0.39 EPS. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot's dividend payout ratio (DPR) is 46.67%.

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.