XTX Topco Ltd Sells 13,895 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

XTX Topco Ltd lowered its stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 63.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,872 shares of the company's stock after selling 13,895 shares during the period. XTX Topco Ltd's holdings in WillScot were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WSC. FourThought Financial Partners LLC grew its holdings in WillScot by 23.6% in the first quarter. FourThought Financial Partners LLC now owns 7,994 shares of the company's stock valued at $222,000 after purchasing an additional 1,528 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in WillScot by 13.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,991,961 shares of the company's stock valued at $55,377,000 after purchasing an additional 232,468 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of WillScot in the 1st quarter worth approximately $145,392,000. Avantax Advisory Services Inc. grew its position in shares of WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after acquiring an additional 583 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of WillScot in the 1st quarter worth approximately $535,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz acquired 2,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the acquisition, the chief executive officer owned 418,376 shares of the company's stock, valued at $10,396,643.60. This trade represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dominick P. Zarcone acquired 10,000 shares of WillScot stock in a transaction on Tuesday, June 17th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director owned 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 15,000 shares of company stock valued at $387,650 in the last ninety days. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on WSC. Morgan Stanley cut their target price 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 reissued a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, DA Davidson dropped their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.00.

WillScot Trading Down 3.7%

Shares of WSC stock traded down $0.94 during trading hours on Thursday, hitting $24.65. 3,138,456 shares of the company's stock traded hands, compared to its average volume of 2,634,365. The stock has a market cap of $4.49 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.28 and a beta of 1.20. The stock's 50 day simple moving average is $28.01 and its 200 day simple moving average is $29.06. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 12 month low of $21.91 and a 12 month high of $42.15.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $587.07 million. During the same quarter last year, the firm posted $0.39 EPS. WillScot's revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot's dividend payout ratio is 46.67%.

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.