Jones Financial Companies Lllp Boosts Position in WillScot Holdings Corporation $WSC

Key Points

• Jones Financial Companies Lllp dramatically increased its stake in WillScot Holdings Corporation by 16,556.7% during the first quarter, now owning 383,604 shares worth approximately $10.6 million.
• Analysts have mixed ratings for WillScot, with a consensus target price of $36.00, while recent earnings missed estimates with reported earnings of $0.27 per share compared to the expected $0.36.
• A quarterly dividend of $0.07 has been declared, representing an annualized yield of 1.2% for investors, with the ex-dividend date set for September 3rd.

Jones Financial Companies Lllp raised its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 16,556.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 383,604 shares of the company's stock after acquiring an additional 381,301 shares during the period. Jones Financial Companies Lllp owned approximately 0.21% of WillScot worth $10,664,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake 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 purchasing an additional 683 shares during the period. State of Wyoming bought a new stake in WillScot during the 4th quarter worth approximately $34,000. Golden State Wealth Management LLC raised its stake 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 raised its stake in WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp raised its stake in 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 acquiring an additional 516 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Stock Down 2.3%

WSC traded down $0.53 on Friday, hitting $23.01. The company had a trading volume of 1,889,275 shares, compared to its average volume of 1,933,103. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a fifty day moving average price of $26.47 and a 200-day moving average price of $27.09.

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 analysts' consensus estimates of $0.36 by ($0.09). The company had revenue of $589.08 million during 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 company's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. Analysts predict 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 issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot's dividend payout ratio is currently 46.67%.

Analyst Ratings Changes

WSC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. 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. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.00.

Insider Transactions at WillScot

In other news, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders acquired 15,000 shares of company stock worth $387,650. 3.10% of the stock is currently owned by company insiders.

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.