Channing Capital Management LLC Buys 12,904 Shares of WillScot Holdings Corporation $WSC

Key Points

• Channing Capital Management LLC increased its stake in WillScot Holdings Corporation by 4.5%, owning approximately 0.16% of the company valued at $8.28 million.
• WillScot reported a net margin of 4.66% for the latest quarter, with earnings per share at $0.27, missing the consensus estimate of $0.36.
• Insiders have acquired a total of 15,000 shares of WillScot stock in the last 90 days, indicating a significant commitment by key figures within the company.

Channing Capital Management LLC grew its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,900 shares of the company's stock after acquiring an additional 12,904 shares during the period. Channing Capital Management LLC owned 0.16% of WillScot worth $8,282,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares during the last quarter. State of Wyoming acquired a new stake in WillScot in the 4th quarter valued at about $34,000. Golden State Wealth Management LLC lifted its stake in WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after purchasing an additional 1,122 shares during the last quarter. CWM LLC lifted its stake in WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after purchasing an additional 827 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in 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 last quarter. Institutional investors own 95.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSC. William Blair reiterated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. DA Davidson cut their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Morgan Stanley cut their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, WillScot has a consensus rating of "Hold" and a consensus price target of $36.00.

WillScot Price Performance

Shares of NASDAQ WSC traded up $0.03 during midday trading on Tuesday, reaching $24.78. The company's stock had a trading volume of 468,542 shares, compared to its average volume of 2,654,573. 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 Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $42.15. The business's 50 day moving average price is $27.52 and its two-hundred day moving average price is $28.35. The company has a market cap of $4.51 billion, a P/E ratio of 41.31, a P/E/G ratio of 2.22 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The business had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The firm's quarterly revenue was down 2.6% on a year-over-year basis. 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 fiscal year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's payout ratio is presently 46.67%.

Insider Activity

In related news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value 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. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz acquired 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, for a total transaction of $49,700.00. Following the completion of the purchase, the chief executive officer directly owned 418,376 shares of the company's stock, valued at $10,396,643.60. The trade was a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 15,000 shares of company stock worth $387,650. Corporate insiders own 3.10% of the company's stock.

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.