AMI Asset Management Corp Lowers Holdings in WillScot Holdings Corporation $WSC

AMI Asset Management Corp decreased its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 44.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,903 shares of the company’s stock after selling 14,290 shares during the quarter. AMI Asset Management Corp’s holdings in WillScot were worth $491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WSC. GAMMA Investing LLC grew its holdings in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 683 shares in the last quarter. Golden State Wealth Management LLC lifted its position 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 purchasing an additional 1,122 shares during the period. CWM LLC boosted its stake in shares of WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after purchasing an additional 827 shares in the last quarter. Fifth Third Bancorp increased its holdings in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock valued at $66,000 after buying an additional 516 shares during the period. Finally, Quarry LP purchased a new position in WillScot during the first quarter valued at approximately $80,000. 95.81% of the stock is currently owned by institutional investors.

Insider Transactions at WillScot

In other news, CEO Bradley Lee Soultz bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the transaction, the chief executive officer directly owned 418,376 shares in the company, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible 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 transaction of $541,860.00. Following the completion of the transaction, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

WillScot Trading Up 0.1%

NASDAQ WSC opened at $21.14 on Thursday. WillScot Holdings Corporation has a 12-month low of $20.08 and a 12-month high of $42.15. The company has a fifty day simple moving average of $24.40 and a two-hundred day simple moving average of $26.39. 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 stock has a market cap of $3.85 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.89 and a beta of 1.10.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share 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 company had revenue of $589.08 million for the quarter, compared to analysts’ expectations of $587.07 million. During the same period last year, the firm earned $0.39 earnings per share. WillScot’s quarterly revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. On average, analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson dropped their target price on WillScot from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays decreased their price objective on WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 24th. Jefferies Financial Group cut their target price on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, UBS Group set a $35.00 price target on shares of WillScot in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, WillScot has an average rating of “Hold” and a consensus target price of $32.13.

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.