WillScot (NASDAQ:WSC) Hits New 12-Month Low - Here's What Happened

Key Points

• WillScot's stock hit a new 12-month low of $21.90, after trading lower from its previous close of $22.20, with a volume of over 1.76 million shares.
• The company's quarterly earnings report showed an EPS of $0.27, missing estimates by $0.09, while revenue decreased by 2.6% from the previous year.
• WillScot announced a quarterly dividend of $0.07, yielding 1.3%, and insiders have shown mixed trading activity, with the CEO making a purchase and another executive selling a substantial amount of shares.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $21.90 and last traded at $21.94, with a volume of 1761245 shares. The stock had previously closed at $22.20.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WSC shares. William Blair reiterated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley decreased their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, DA Davidson reduced their price target 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $36.00.

WillScot Trading Down 1.2%

The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The firm's 50-day moving average price is $25.66 and its 200 day moving average price is $26.76. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.01 and a beta of 1.14.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). The company had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The company's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot's dividend payout ratio (DPR) is 46.67%.

Insider Activity

In other WillScot news, CEO Bradley Lee Soultz bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the acquisition, the chief executive officer directly owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. The trade was a 0.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the completion of the sale, the executive vice president directly owned 54,038 shares of the company's stock, valued at approximately $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. Insiders own 3.10% of the company's stock.

Institutional Trading of WillScot

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in WillScot in the 4th quarter worth about $285,000. State of Wyoming purchased a new position in shares of WillScot in the fourth quarter worth about $34,000. Tidal Investments LLC lifted its stake in shares of WillScot by 45.9% during the 4th quarter. Tidal Investments LLC now owns 17,475 shares of the company's stock valued at $585,000 after buying an additional 5,500 shares in the last quarter. Voloridge Investment Management LLC bought a new position in WillScot in the 4th quarter worth approximately $6,194,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in WillScot by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,675 shares of the company's stock valued at $23,939,000 after buying an additional 41,431 shares in the last quarter. 95.81% of the stock is currently owned by 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.

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