WillScot Holdings Corporation (NASDAQ:WSC) CEO Acquires $76,050.00 in Stock

Key Points

• WillScot Holdings Corporation CEO Bradley Lee Soultz purchased 3,000 shares at $25.35 each, totaling $76,050, increasing his ownership by 2.42% to approximately $3.21 million.
• The company's stock fell 3.2% to $24.53, with a market cap of $4.47 billion, and it has experienced a 2.6% year-over-year decline in quarterly revenue.
• WillScot recently announced a quarterly dividend of $0.07 per share, which will be paid on September 17th to stockholders of record as of September 3rd.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) CEO Bradley Lee Soultz bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the acquisition, the chief executive officer directly owned 126,817 shares in the company, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bradley Lee Soultz also recently made the following trade(s):

• On Tuesday, August 5th, Bradley Lee Soultz acquired 2,000 shares of WillScot stock. The shares were bought at an average price of $24.85 per share, for a total transaction of $49,700.00.

WillScot Stock Down 3.2%

WSC traded down $0.82 during trading hours on Wednesday, hitting $24.53. 2,468,162 shares of the company's stock were exchanged, compared to its average volume of 2,335,291. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 2.26 and a beta of 1.20. WillScot Holdings Corporation has a 1-year low of $21.91 and a 1-year high of $42.15. The stock's 50-day moving average is $28.33 and its two-hundred day moving average is $29.63. 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 (NASDAQ:WSC - Get Free Report) last released 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 business had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same quarter in the prior year, the company earned $0.39 EPS. WillScot's quarterly revenue was down 2.6% on a year-over-year basis. Sell-side analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently declared 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 is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. WillScot's dividend payout ratio (DPR) is presently 46.67%.

Institutional Trading of WillScot

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares during the period. State of Wyoming bought a new position in WillScot during the 4th quarter valued at $34,000. Golden State Wealth Management LLC increased its position in shares of WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after purchasing an additional 1,122 shares during the last quarter. CWM LLC raised its holdings in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company's stock worth $58,000 after acquiring an additional 662 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WSC has been the subject of a number of analyst reports. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. DA Davidson reduced 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, Morgan Stanley cut their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.00.

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.

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