Insider Selling: WillScot (NASDAQ:WSC) Director Sells $111,896.64 in Stock

WillScot Holdings Corporation (NASDAQ:WSC) Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total value of $111,896.64. Following the completion of the sale, the director directly owned 414,059 shares in the company, valued at approximately $10,732,409.28. This represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bradley Lee Soultz also recently made the following trade(s):

• On Tuesday, May 12th, Bradley Lee Soultz sold 86,421 shares of WillScot stock. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79.
• On Tuesday, May 12th, Bradley Lee Soultz sold 65,043 shares of WillScot stock. The shares were sold at an average price of $27.07, for a total value of $1,760,714.01.

WillScot Trading Down 6.3%

Shares of NASDAQ:WSC opened at $24.48 on Friday. The company has a market cap of $4.43 billion, a P/E ratio of -64.42, a P/E/G ratio of 1.46 and a beta of 1.31. The stock’s 50-day moving average is $20.31 and its 200-day moving average is $20.39. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $31.88. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Equities research analysts predict that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. WillScot’s dividend payout ratio (DPR) is -73.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WSC. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson decreased their target price on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. William Blair reissued a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Finally, Citigroup lifted their target price on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xponance LLC lifted its stake in WillScot by 3.5% during the fourth quarter. Xponance LLC now owns 14,245 shares of the company’s stock worth $268,000 after purchasing an additional 478 shares during the period. Nisa Investment Advisors LLC lifted its stake in WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the period. CWM LLC lifted its stake in WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after purchasing an additional 567 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in WillScot by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock worth $783,000 after purchasing an additional 600 shares during the period. Finally, Salomon & Ludwin LLC lifted its stake in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.