WillScot Holdings Corporation $WSC Shares Sold by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC reduced its holdings in WillScot Holdings Corporation by 13.2%, owning 817,341 shares worth approximately $22.4 million by the end of Q2.
• The stock received a range of price target adjustments from analysts, with Morgan Stanley lowering it from $39 to $37 and Barclays from $34 to $22, reflecting mixed sentiments with three analysts rating it as a Buy.
• WillScot recently announced a quarterly dividend of $0.07 per share, leading to an annualized yield of 1.3%, with a payout ratio currently at 46.67%.

Riverbridge Partners LLC lowered its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,341 shares of the company's stock after selling 123,974 shares during the quarter. Riverbridge Partners LLC owned 0.45% of WillScot worth $22,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSC. BNP Paribas Financial Markets purchased a new stake in WillScot in the fourth quarter valued at $285,000. State of Wyoming purchased a new stake in WillScot in the fourth quarter valued at $34,000. Tidal Investments LLC raised its position in WillScot by 45.9% in the fourth quarter. Tidal Investments LLC now owns 17,475 shares of the company's stock valued at $585,000 after purchasing an additional 5,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in WillScot by 6.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,675 shares of the company's stock valued at $23,939,000 after purchasing an additional 41,431 shares during the period. Finally, Thoma Capital Management LLC purchased a new stake in WillScot in the fourth quarter valued at $559,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on WSC shares. William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley cut their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. DA Davidson cut their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Barclays cut their price objective on WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $34.00.

Insider Buying and Selling at WillScot

In related news, CEO Bradley Lee Soultz bought 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $25.35 per share, with a total value of $76,050.00. Following the purchase, the chief executive officer directly owned 126,817 shares of the company's stock, valued at $3,214,810.95. This trade represents a 2.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value 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. The trade was a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

WillScot Trading Down 2.4%

WSC opened at $21.42 on Thursday. WillScot Holdings Corporation has a 12 month low of $21.39 and a 12 month high of $42.15. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.96 and a beta of 1.13. 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 business has a fifty day moving average price of $25.34 and a 200 day moving average price of $26.69.

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). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The company had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Sell-side analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot's 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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.