Channing Capital Management LLC Has $8.28 Million Stock Holdings in 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 lifted its position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure 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 about 0.16% of WillScot worth $8,282,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WSC. GAMMA Investing LLC boosted its stake in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the period. State of Wyoming purchased a new stake in shares of WillScot in the fourth quarter valued at $34,000. Golden State Wealth Management LLC boosted its position in shares of WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares during the period. CWM LLC grew its holdings in shares of WillScot by 89.9% during 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 grew its holdings in shares of WillScot by 28.0% during 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.

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 22,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz bought 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the transaction, the chief executive officer directly owned 418,376 shares of the company's stock, valued at approximately $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. Insiders acquired 15,000 shares of company stock valued at $387,650 over the last ninety days. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

WSC has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. DA Davidson reduced their price target 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 restated a "market perform" rating on shares of WillScot in a 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $36.00.

WillScot Stock Up 6.5%

WSC stock traded up $1.52 during mid-day trading on Friday, hitting $24.92. The stock had a trading volume of 3,070,392 shares, compared to its average volume of 2,773,663. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 1-year low of $21.91 and a 1-year high of $42.15. The company has a fifty day moving average of $27.56 and a 200 day moving average of $28.50. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 2.22 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. On average, equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

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

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.