Natixis Advisors LLC Sells 24,525 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Key Points

• Natixis Advisors LLC has reduced its stake in WillScot Holdings Corporation by 12.1%, selling 24,525 shares and holding 177,337 shares worth approximately $4.93 million at the end of the first quarter.
• The stock of WillScot has experienced a decline of 3.2% recently, trading at $24.53, and has seen a 1-year high of $42.15 and a low of $21.91.
• WillScot announced a quarterly dividend of $0.07 per share, payable on September 17th, representing an annual yield of 1.1% and a payout ratio of 46.67%.

Natixis Advisors LLC trimmed its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,337 shares of the company's stock after selling 24,525 shares during the period. Natixis Advisors LLC owned approximately 0.10% of WillScot worth $4,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares during the last quarter. State of Wyoming acquired a new stake in WillScot during the 4th quarter worth about $34,000. Golden State Wealth Management LLC boosted its position in WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC grew its stake in WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after acquiring an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Up 0.6%

WSC stock traded up $0.14 during trading hours on Thursday, hitting $24.67. The company's stock had a trading volume of 2,355,511 shares, compared to its average volume of 2,689,693. The stock has a 50 day moving average price of $28.28 and a two-hundred day moving average price of $29.55. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $42.15. The company has a market capitalization of $4.50 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55.

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). WillScot had a return on equity of 24.83% and a net margin of 4.66%. The business had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's payout ratio is 46.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday. DA Davidson lowered their price target 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. Finally, William Blair reiterated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.00.

Insider Activity at WillScot

In related news, CEO Bradley Lee Soultz purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer directly owned 418,376 shares in the company, valued at approximately $10,396,643.60. This trade represents a 0.48% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dominick P. Zarcone purchased 10,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director owned 15,384 shares of the company's stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 15,000 shares of company stock valued at $387,650. Corporate insiders own 3.10% of the company's stock.

WillScot 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.