3,514 Shares in WillScot Holdings Corporation $WSC Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,514 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock worth $66,000 after purchasing an additional 516 shares during the last quarter. Xponance Inc. boosted its holdings in WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company’s stock worth $392,000 after purchasing an additional 568 shares during the last quarter. Avantax Advisory Services Inc. raised its position in WillScot by 8.4% in the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock worth $209,000 after acquiring an additional 583 shares during the period. GAMMA Investing LLC raised its position in WillScot by 273.2% in the first 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. Finally, CWM LLC raised its position in WillScot by 89.9% in the first 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. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the sale, the executive vice president owned 54,038 shares of the company’s stock, valued at $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dominick P. Zarcone purchased 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director owned 15,384 shares of the company’s stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,000 shares of company stock valued at $387,650 over the last quarter. Company insiders own 3.10% of the company’s stock.

WillScot Stock Performance

Shares of WSC stock opened at $23.01 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 2.10 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. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $42.15. The firm’s 50-day simple moving average is $26.47 and its two-hundred day simple moving average is $27.17.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results 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 period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, September 3rd will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot’s payout ratio is 46.67%.

Analyst Ratings Changes

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

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.