WillScot Holdings Corporation $WSC Shares Acquired by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates Inc. has significantly increased its stake in WillScot Holdings Corporation by 86.1%, now holding 34,375 shares worth approximately $942,000.
• Institutional investors control nearly 96% of WillScot's stock, with several firms increasing their positions dramatically during the first quarter.
• WillScot recently reported an earnings miss for the quarter, with EPS of $0.27 compared to expectations of $0.36, and a year-over-year revenue decline of 2.6%.

Mraz Amerine & Associates Inc. increased its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 86.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,375 shares of the company's stock after acquiring an additional 15,903 shares during the period. Mraz Amerine & Associates Inc.'s holdings in WillScot were worth $942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WSC. GAMMA Investing LLC boosted its position 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 purchasing an additional 683 shares in the last quarter. Golden State Wealth Management LLC lifted its stake 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 valued at $38,000 after purchasing an additional 1,122 shares during the period. CWM LLC lifted its stake in shares of 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 purchasing an additional 827 shares during the period. Fifth Third Bancorp boosted its holdings in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after buying an additional 516 shares in the last quarter. Finally, Quarry LP purchased a new position in WillScot in the first quarter valued at about $80,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Transactions at WillScot

In related news, CEO Bradley Lee Soultz purchased 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the purchase, the chief executive officer directly owned 126,817 shares in the company, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the transaction, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of WillScot in a report on Saturday, September 27th. Jefferies Financial Group lowered their target price on WillScot from $32.00 to $23.00 and set a "hold" rating on the stock in a report on Monday, September 29th. Barclays cut their price target on WillScot from $34.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 24th. Finally, UBS Group set a $35.00 price objective on shares of WillScot in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $32.13.

WillScot Stock Performance

Shares of NASDAQ WSC opened at $21.53 on Tuesday. The company has a 50-day simple moving average of $23.80 and a 200-day simple moving average of $26.15. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market cap of $3.92 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10. WillScot Holdings Corporation has a 12 month low of $20.08 and a 12 month high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $589.08 million during 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%.The firm's revenue was down 2.6% on a year-over-year basis. 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. On average, equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.07 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot's payout ratio is 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.

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