WillScot Holdings Corporation $WSC Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in WillScot Holdings by 11.7%, owning nearly 1.8 million shares valued at $48.7 million as of the latest SEC filing.
• WillScot reported $0.27 earnings per share for the last quarter, missing expectations by $0.09, and its quarterly revenue was down 2.6% year-over-year.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized dividend yield of 1.2%.

Charles Schwab Investment Management Inc. grew its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,751,798 shares of the company's stock after buying an additional 182,963 shares during the period. Charles Schwab Investment Management Inc. owned 0.95% of WillScot worth $48,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the last quarter. State of Wyoming purchased a new position in WillScot in the fourth quarter valued at $34,000. Golden State Wealth Management LLC increased its holdings in WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after buying an additional 1,122 shares in the last quarter. CWM LLC increased its holdings in WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after buying an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after buying an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot

In other news, CEO Bradley Lee Soultz purchased 3,000 shares of the 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 acquisition, the chief executive officer directly 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $26.19 per share, with a total value of $261,900.00. Following the acquisition, the director owned 15,384 shares in the company, valued at approximately $402,906.96. This represents a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,000 shares of company stock valued at $387,650 in the last quarter. 3.10% of the stock is currently owned by company insiders.

WillScot Trading Up 1.3%

Shares of WillScot stock traded up $0.31 on Tuesday, reaching $24.49. The company had a trading volume of 1,923,560 shares, compared to its average volume of 2,675,465. The firm's 50 day moving average price is $27.85 and its two-hundred day moving average price is $28.77. The firm has a market cap of $4.46 billion, a PE ratio of 40.82, a PEG ratio of 2.16 and a beta of 1.20. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81.

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

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. 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 Ratings Changes

A number of research analysts have weighed in on WSC shares. DA Davidson cut their price objective 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. Morgan Stanley dropped 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, WillScot presently has a consensus rating of "Hold" and a consensus price target of $36.00.

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.