Geode Capital Management LLC Purchases 71,347 Shares of WillScot Holdings Corporation $WSC

Geode Capital Management LLC raised its position in WillScot Holdings Corporation (NASDAQ:WSC) by 2.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,277,913 shares of the company’s stock after acquiring an additional 71,347 shares during the period. Geode Capital Management LLC’s holdings in WillScot were worth $89,829,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC lifted its holdings 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 purchasing an additional 827 shares in the last quarter. First Horizon Advisors Inc. increased its stake in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares in the last quarter. Quarry LP acquired a new position in WillScot during the first quarter worth $80,000. Plato Investment Management Ltd bought a new position in shares of WillScot in the first quarter valued at $99,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of WillScot by 69.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,940 shares of the company’s stock valued at $110,000 after buying an additional 1,614 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Stock Performance

Shares of WSC opened at $17.61 on Friday. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $24.89. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.42 and a beta of 1.15. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $39.81. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The firm had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is 23.14%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays decreased their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. UBS Group set a $35.00 price objective on WillScot in a report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. DA Davidson dropped their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price target (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, WillScot has a consensus rating of “Hold” and an average target price of $27.13.

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.