WillScot Holdings Corporation (NASDAQ:WSC) Plans $0.07 Quarterly Dividend

Key Points

• WillScot Holdings Corporation has declared a quarterly dividend of $0.07 per share, which represents an annualized dividend and a yield of 1.0% for stockholders of record on September 3rd, payable on September 17th.
• The company reported earnings of $0.27 per share for the last quarter, which fell short of analysts' expectations of $0.35, indicating potential challenges in meeting future earnings estimates.
• Insider trading activity includes CEO Bradley Lee Soultz acquiring 10,000 shares at an average price of $26.79, representing an 8.42% increase in his stock position.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Wednesday, September 3rd will be paid a dividend of 0.07 per share on Wednesday, September 17th. This represents a c) annualized dividend and a dividend yield of 1.0%.

WillScot has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WillScot to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 14.3%.

WillScot Trading Down 2.5%

Shares of WSC stock traded down $0.75 during trading hours on Thursday, hitting $29.35. The company had a trading volume of 2,570,877 shares, compared to its average volume of 2,629,536. The company's fifty day moving average is $28.49 and its 200 day moving average is $29.98. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. WillScot has a fifty-two week low of $21.91 and a fifty-two week high of $42.15. The stock has a market capitalization of $5.35 billion, a PE ratio of 326.15, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24.

WillScot (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). WillScot had a return on equity of 26.28% and a net margin of 0.63%. Research analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot

In other WillScot news, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dominick P. Zarcone acquired 10,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were acquired at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director directly owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares during the period. State of Wyoming acquired a new stake in shares of WillScot in the 4th quarter worth $34,000. Golden State Wealth Management LLC lifted its stake in shares of WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC lifted its stake 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 acquiring an additional 827 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after acquiring an additional 516 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Company 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.

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.