United Services Automobile Association Makes New Investment in WillScot Holdings Corporation $WSC

Key Points

• United Services Automobile Association has purchased 11,083 shares of WillScot Holdings Corporation, valued at approximately $312,000, indicating institutional interest in the company.
• WillScot recently reported earnings per share of $0.27, missing estimates by $0.09, and has set a FY 2025 guidance for EPS at 1.77.
• The company has recently declared a quarterly dividend of $0.07 per share, with an annualized dividend yield of 1.2%, reflecting a commitment to returning value to shareholders.

United Services Automobile Association purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,083 shares of the company's stock, valued at approximately $312,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearline Capital LP lifted its holdings in WillScot by 69.8% during the first quarter. Clearline Capital LP now owns 539,277 shares of the company's stock valued at $14,992,000 after purchasing an additional 221,753 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in WillScot during the first quarter valued at $285,000. Jones Financial Companies Lllp lifted its holdings in WillScot by 16,556.7% during the first quarter. Jones Financial Companies Lllp now owns 383,604 shares of the company's stock valued at $10,664,000 after purchasing an additional 381,301 shares in the last quarter. Nexpoint Asset Management L.P. lifted its holdings in WillScot by 12.4% during the first quarter. Nexpoint Asset Management L.P. now owns 11,750 shares of the company's stock valued at $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its holdings in WillScot by 5.3% during the first quarter. Granahan Investment Management LLC now owns 620,627 shares of the company's stock valued at $17,253,000 after purchasing an additional 31,458 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Price Performance

Shares of NASDAQ:WSC traded up $0.08 during midday trading on Thursday, hitting $22.69. The company's stock had a trading volume of 1,431,066 shares, compared to its average volume of 1,962,094. The business's 50 day simple moving average is $25.97 and its 200 day simple moving average is $26.90. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market cap of $4.13 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 2.02 and a beta of 1.13. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $589.08 million during the quarter, compared to analysts' expectations of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. On average, analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Insider Activity

In other WillScot news, 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 transaction, the executive vice president directly owned 54,038 shares of the company's stock, valued at $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz bought 3,000 shares of WillScot stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the purchase, the chief executive officer directly owned 126,817 shares of the company's stock, valued at $3,214,810.95. This trade represents a 2.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

WSC has been the topic of several recent analyst reports. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley decreased their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, DA Davidson decreased 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. 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 currently has an average rating of "Hold" and a consensus target price 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.