WillScot Holdings Corporation (NASDAQ:WSC) CEO Bradley Lee Soultz Acquires 3,000 Shares

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 WillScot stock in a transaction dated 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 approximately $3,214,810.95. This represents a 2.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, August 5th, Bradley Lee Soultz purchased 2,000 shares of WillScot stock. The stock was bought at an average price of $24.85 per share, with a total value of $49,700.00.

WillScot Trading Down 1.3%

WSC stock traded down $0.32 during mid-day trading on Friday, reaching $24.35. 2,298,755 shares of the stock traded hands, compared to its average volume of 2,371,167. 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 company has a market cap of $4.44 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.17 and a beta of 1.20. The stock's fifty day moving average is $28.23 and its 200-day moving average is $29.38.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.27 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 firm had revenue of $589.08 million for the quarter, compared to analysts' expectations of $587.07 million. During the same period in the prior year, the company posted $0.39 earnings per share. WillScot's quarterly revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.07 dividend. The ex-dividend date 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 currently 46.67%.

Hedge Funds Weigh In On WillScot

A number of large investors have recently made changes to their positions in WSC. Baillie Gifford & Co. acquired a new position in shares of WillScot in the 1st quarter valued at about $145,392,000. Vanguard Group Inc. increased its holdings in WillScot by 11.7% in the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock worth $509,811,000 after buying an additional 1,924,653 shares during the last quarter. Invesco Ltd. increased its holdings in WillScot by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock worth $60,890,000 after buying an additional 1,605,436 shares during the last quarter. HG Vora Capital Management LLC acquired a new position in WillScot in the first quarter worth approximately $38,920,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in WillScot by 1,246.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock worth $41,117,000 after buying an additional 1,137,890 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of research analyst reports. William Blair restated a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley dropped their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Finally, DA Davidson dropped their price target on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, WillScot presently 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.