Timucuan Asset Management Inc. FL Grows Holdings in WillScot Holdings Corporation $WSC

Key Points

• Timucuan Asset Management Inc. FL increased its stake in WillScot Holdings Corporation by 1.7%, owning about 2.56 million shares, which constitutes 2.2% of its portfolio.
• Recent changes in institutional ownership include a 273.2% increase by GAMMA Investing LLC and a 428.2% increase by Golden State Wealth Management LLC in the first quarter.
• WillScot reported $0.27 earnings per share in its last earnings announcement, missing analyst predictions of $0.36, and its revenue declined by 2.6% year-over-year.

Timucuan Asset Management Inc. FL grew its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,561,275 shares of the company's stock after acquiring an additional 41,751 shares during the period. WillScot comprises 2.2% of Timucuan Asset Management Inc. FL's holdings, making the stock its 18th largest holding. Timucuan Asset Management Inc. FL owned about 1.40% of WillScot worth $71,203,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 683 shares during the last quarter. State of Wyoming bought a new stake in WillScot during the fourth quarter valued at $34,000. Golden State Wealth Management LLC boosted its position in WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after acquiring an additional 1,122 shares during the last quarter. CWM LLC boosted its position 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 acquiring an additional 827 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position 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 acquiring an additional 516 shares during the last quarter. Institutional investors own 95.81% of the company's stock.

WillScot Stock Down 1.3%

WSC traded down $0.32 during midday trading on Monday, hitting $24.24. The company had a trading volume of 1,962,519 shares, compared to its average volume of 2,412,970. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $42.15. 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 company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 2.16 and a beta of 1.14. The stock's 50 day moving average price is $27.40 and its 200 day moving average price is $27.98.

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). The business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. On average, research analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on WSC. Morgan Stanley cut their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, DA Davidson decreased their price target on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, WillScot currently has an average rating of "Hold" and a consensus target price of $36.00.

Insider Activity

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, the executive vice president directly owned 54,038 shares in the company, valued at $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz bought 3,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the purchase, the chief executive officer owned 126,817 shares of the company's stock, valued at approximately $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 15,000 shares of company stock worth $387,650 over the last three months. 3.10% of the stock is currently owned by insiders.

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.