WillScot Holdings Corporation $WSC Stock Position Boosted by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC increased its stake in WillScot Holdings Corporation by 10.8% to own over 1.27 million shares, valued at approximately $34.8 million.
• WillScot's stock has experienced a decline of 2.3% recently, with shares trading at $23.01 after hitting a 52-week range of $21.91 to $42.15.
• The company reported an EPS of $0.27 for the last quarter, missing expectations by $0.09, while its annualized dividend yield stands at 1.2%.

Douglas Lane & Associates LLC boosted its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,270,549 shares of the company's stock after buying an additional 123,620 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.70% of WillScot worth $34,813,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings 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 buying an additional 683 shares during the period. State of Wyoming bought a new stake in WillScot during the fourth quarter valued at approximately $34,000. Golden State Wealth Management LLC lifted its holdings in shares of WillScot by 428.2% in 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 last quarter. CWM LLC increased its position in WillScot by 89.9% during 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 period. Finally, Fifth Third Bancorp boosted its stake in WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after purchasing an additional 516 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Insider Transactions at WillScot

In related news, EVP Hezron T. Lopez sold 22,000 shares of the firm's 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 directly owned 54,038 shares of the company's stock, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost 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 of the company's stock, valued at $3,214,810.95. This represents a 2.42% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

WillScot Stock Performance

Shares of WSC traded down $0.48 during mid-day trading on Friday, hitting $22.21. The stock had a trading volume of 649,355 shares, compared to its average volume of 2,588,972. WillScot Holdings Corporation has a fifty-two week low of $21.91 and a fifty-two week high of $42.15. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The company's fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $26.90. The company has a market cap of $4.04 billion, a PE ratio of 37.03, a PEG ratio of 2.02 and a beta of 1.13.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The business 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 firm's revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company 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 earnings per share for the current year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 3rd. WillScot's payout ratio is 46.67%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, DA Davidson cut their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Three investment 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.com, WillScot presently has an average rating of "Hold" and a consensus price target of $36.00.

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.