Cramer Rosenthal Mcglynn LLC Has $6.14 Million Stock Position in WillScot Holdings Corporation $WSC

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in WillScot Holdings Corporation by 81.2% in Q1, acquiring a total of 221,003 shares valued at approximately $6.14 million.
• In addition to Cramer Rosenthal, multiple institutional investors raised their stakes in WillScot, with GAMMA Investing boosting by 273.2% and Golden State Wealth Management by 428.2% during the same quarter.
• WillScot recently announced a $0.07 quarterly dividend, representing an annual yield of 1.1%, with a payout ratio of 46.67%.

Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 81.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,003 shares of the company's stock after buying an additional 99,064 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.12% of WillScot worth $6,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WSC. GAMMA Investing LLC raised its position in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares during the period. State of Wyoming acquired a new position in WillScot during the fourth quarter valued at $34,000. Golden State Wealth Management LLC raised its position in WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after buying an additional 1,122 shares during the period. CWM LLC raised its position in 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 during the period. Finally, Fifth Third Bancorp raised its position in 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 during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Stock Down 1.3%

Shares of WSC traded down $0.32 during trading hours on Friday, hitting $24.24. 1,958,717 shares of the company were exchanged, compared to its average volume of 2,646,627. The company has a market cap of $4.41 billion, a PE ratio of 40.40, a PEG ratio of 2.22 and a beta of 1.20. The firm's 50 day moving average is $27.44 and its 200-day moving average is $28.21. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $42.15. 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 (NASDAQ:WSC - Get Free Report) last released 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 company had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business's revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.2%. WillScot's dividend payout ratio is presently 46.67%.

Analyst Upgrades and Downgrades

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

Insider Activity at WillScot

In related news, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dominick P. Zarcone bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the purchase, the director owned 15,384 shares in the company, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 15,000 shares of company stock worth $387,650 in the last 90 days. 3.10% of the stock is 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.