Maren Capital LLC Sells 78,942 Shares of WillScot Holdings Corporation $WSC

Key Points

• Maren Capital LLC reduced its position in WillScot Holdings by 17.1%, selling 78,942 shares, and currently holds approximately 0.7% of the company's stock.
• Analysts have mixed ratings on WillScot, with Morgan Stanley lowering its price target from $39 to $37 while three analysts rate it as a "Buy" and five as "Hold".
• WillScot announced a quarterly dividend of $0.07 per share, indicating an annualized dividend yield of 1.1%, with payout ratio at 46.67%.

Maren Capital LLC decreased its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 383,732 shares of the company's stock after selling 78,942 shares during the quarter. WillScot makes up 0.7% of Maren Capital LLC's investment portfolio, making the stock its 17th biggest holding. Maren Capital LLC owned approximately 0.21% of WillScot worth $10,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WSC. Marshall Wace LLP lifted its holdings in WillScot by 924.8% in the fourth quarter. Marshall Wace LLP now owns 85,999 shares of the company's stock valued at $2,877,000 after buying an additional 77,607 shares during the period. Canada Pension Plan Investment Board acquired a new position in WillScot in the fourth quarter valued at $154,000. Dimensional Fund Advisors LP lifted its holdings in WillScot by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock valued at $97,654,000 after buying an additional 47,158 shares during the period. Dark Forest Capital Management LP acquired a new position in WillScot in the fourth quarter valued at $797,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in WillScot by 0.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock valued at $11,537,000 after buying an additional 1,070 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 2,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $24.85 per share, with a total value of $49,700.00. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 54,038 shares of the company's stock, valued at $1,330,955.94. This 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 bought 15,000 shares of company stock valued at $387,650. Corporate insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

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

WillScot Stock Down 2.0%

Shares of WSC traded down $0.50 on Thursday, reaching $24.41. The company's stock had a trading volume of 1,022,658 shares, compared to its average volume of 2,644,461. WillScot Holdings Corporation has a twelve month low of $21.91 and a twelve month high of $42.15. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The firm has a fifty day moving average of $27.47 and a 200-day moving average of $28.30. The stock has a market capitalization of $4.44 billion, a PE ratio of 40.69, a PEG ratio of 2.19 and a beta of 1.20.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data 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). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The firm had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. Equities analysts predict that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's dividend payout ratio is presently 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.