WillScot Holdings Corporation (WSC) to Issue Quarterly Dividend of $0.07 on March 18th

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Wednesday, March 4th will be given a dividend of 0.07 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 4th.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WillScot to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 14.3%.

WillScot Trading Down 2.5%

NASDAQ:WSC opened at $21.61 on Monday. The company has a market cap of $3.91 billion, a PE ratio of -72.03, a PEG ratio of 1.57 and a beta of 1.08. WillScot has a one year low of $14.91 and a one year high of $33.32. The firm has a 50-day moving average of $21.07 and a 200-day moving average of $21.26. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. As a group, equities research analysts expect that WillScot will post 1.77 EPS for the current fiscal year.

Institutional Trading of WillScot

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in WillScot in the second quarter valued at $125,126,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of WillScot by 334.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after purchasing an additional 4,250,951 shares in the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of WillScot by 210.9% during the 4th quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock valued at $80,355,000 after buying an additional 2,894,900 shares in the last quarter. Finally, Coliseum Capital Management LLC raised its holdings in shares of WillScot by 70.7% during the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock valued at $96,251,000 after buying an additional 2,117,247 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

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.