WillScot Holdings Corporation $WSC Shares Acquired 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. lifted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 11.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.95% of WillScot worth $48,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of WillScot by 273.2% during the 1st 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 acquired a new stake in shares of WillScot during the 4th quarter worth approximately $34,000. Golden State Wealth Management LLC boosted its position in shares of 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 purchasing an additional 1,122 shares during the period. CWM LLC boosted its position in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of WillScot by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Down 1.3%

Shares of WillScot stock traded down $0.30 during trading on Thursday, hitting $23.40. 2,264,780 shares of the stock were exchanged, compared to its average volume of 2,749,711. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The firm's 50-day moving average price is $27.59 and its 200 day moving average price is $28.62. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $589.08 million for 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%.WillScot's revenue for the quarter 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. As a group, analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Dominick P. Zarcone purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the purchase, the director directly owned 15,384 shares of the company's stock, valued at $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 15,000 shares of company stock worth $387,650 in the last ninety days. 3.10% of the stock is owned by corporate insiders.

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.