United Services Automobile Association Purchases Shares of 11,083 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 stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 1st quarter, according to its most recent 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.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in WillScot by 11.7% in the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock valued at $509,811,000 after purchasing an additional 1,924,653 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of WillScot during the first quarter worth approximately $145,392,000. Turtle Creek Asset Management Inc. grew its position in shares of WillScot by 23.9% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock worth $120,248,000 after acquiring an additional 693,243 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of WillScot by 13.4% during the first quarter. Alliancebernstein L.P. now owns 2,875,109 shares of the company's stock worth $79,928,000 after acquiring an additional 338,685 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of WillScot by 1.8% during the first quarter. Westfield Capital Management Co. LP now owns 2,803,085 shares of the company's stock worth $77,926,000 after acquiring an additional 48,502 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $24.85 per share, with a total value of $49,700.00. Following the completion of the acquisition, the chief executive officer directly owned 418,376 shares in the company, valued at $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dominick P. Zarcone bought 10,000 shares of WillScot stock in a transaction on Tuesday, June 17th. The stock was acquired at an average cost of $26.19 per share, with a total value of $261,900.00. Following the acquisition, the director owned 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 15,000 shares of company stock valued at $387,650 over the last three months. 3.10% of the stock is currently owned by company insiders.

WillScot Price Performance

Shares of NASDAQ WSC opened at $23.01 on Friday. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a fifty day moving average price of $26.47 and a 200 day moving average price of $27.17. 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 $4.19 billion, a PE ratio of 38.35, a P/E/G ratio of 2.10 and a beta of 1.13.

WillScot (NASDAQ:WSC - Get Free Report) last issued 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). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The company had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period in the prior year, the business earned $0.39 earnings per share. WillScot'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 EPS for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend 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 currently 46.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WSC shares. DA Davidson lowered their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Morgan Stanley lowered their target price 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. Finally, William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, WillScot presently has a consensus 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.

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