WillScot Holdings Corporation $WSC Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in WillScot Holdings Corporation by 247.5% during the first quarter, owning approximately 0.19% of the company valued at $9.62 million.
• CEO Bradley Lee Soultz bought 2,000 shares at $24.85 each, increasing his ownership to 418,376 shares, while Director Dominick P. Zarcone purchased 10,000 shares, raising his stake significantly.
• WillScot's quarterly earnings report showed a net margin of 4.66% with EPS of $0.27, missing estimates, and a recent quarterly dividend of $0.07 per share, reflecting a 1.2% dividend yield.

Russell Investments Group Ltd. grew its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 247.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,570 shares of the company's stock after purchasing an additional 246,128 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of WillScot worth $9,622,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its position 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 purchasing an additional 516 shares in the last quarter. Xponance Inc. boosted its position in WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock worth $392,000 after purchasing an additional 568 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in WillScot by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after purchasing an additional 583 shares in the last quarter. GAMMA Investing LLC boosted its position in WillScot by 273.2% during the first 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. Finally, CWM LLC boosted its position in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley decreased 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 reduced their price objective 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.00.

WillScot Price Performance

Shares of NASDAQ:WSC traded up $1.52 on Friday, hitting $24.92. The company had a trading volume of 3,070,392 shares, compared to its average volume of 2,861,227. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15. The business has a 50 day moving average of $27.56 and a 200 day moving average of $28.44. The company has a market cap of $4.54 billion, a PE ratio of 41.53, a PEG ratio of 2.22 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 the consensus estimate of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million during the quarter, compared to analysts' expectations of $587.07 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The firm's revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

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 given 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 1.1%. WillScot's dividend payout ratio is 46.67%.

Insider Buying and Selling

In other WillScot news, CEO Bradley Lee Soultz bought 3,000 shares of WillScot stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the transaction, the chief executive officer 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated 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 owned 54,038 shares in the company, valued at $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 15,000 shares of company stock worth $387,650. 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.