SCS Capital Management LLC Purchases Shares of 25,035 WillScot Holdings Corporation $WSC

SCS Capital Management LLC purchased a new stake in WillScot Holdings Corporation (NASDAQ:WSC) during the 1st quarter, Holdings Channel.com reports. The firm purchased 25,035 shares of the company’s stock, valued at approximately $696,000.

Several other hedge funds also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in WillScot during the fourth quarter valued at approximately $222,000. BNP Paribas Financial Markets acquired a new position in shares of WillScot during the 4th quarter worth approximately $285,000. Graham Capital Management L.P. acquired a new position in shares of WillScot during the 4th quarter worth approximately $285,000. Lighthouse Investment Partners LLC acquired a new position in shares of WillScot during the 4th quarter worth approximately $990,000. Finally, Lazard Asset Management LLC increased its position in shares of WillScot by 40.9% during the 4th quarter. Lazard Asset Management LLC now owns 16,667 shares of the company’s stock worth $557,000 after purchasing an additional 4,840 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In other WillScot news, CEO Bradley Lee Soultz purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of $25.35 per share, with a total value of $76,050.00. Following the completion of the transaction, the chief executive officer owned 126,817 shares in the company, valued at $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the transaction, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 15,000 shares of company stock valued at $387,650. 3.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of analyst reports. DA Davidson decreased their price objective on shares of WillScot from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Morgan Stanley dropped their target price on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, William Blair reaffirmed a “market perform” rating on shares of WillScot in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.

WillScot Stock Performance

Shares of WSC stock opened at $22.89 on Thursday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.04 and a beta of 1.13. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The company has a 50-day simple moving average of $26.69 and a 200 day simple moving average of $27.32. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $42.15.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot’s dividend payout ratio (DPR) is currently 46.67%.

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.