WillScot (NASDAQ:WSC) Director Bradley Lee Soultz Sells 4,317 Shares

WillScot Holdings Corporation (NASDAQ:WSC) Director Bradley Lee Soultz sold 4,317 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the transaction, the director directly owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Up 0.9%

NASDAQ WSC opened at $26.13 on Friday. The company has a market cap of $4.73 billion, a PE ratio of -68.76, a PEG ratio of 1.54 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The stock has a 50 day moving average of $20.25 and a 200-day moving average of $20.36.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company had revenue of $548.63 million during the quarter, compared to the consensus estimate of $518.17 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that WillScot Holdings Corporation will post 1.1 EPS for the current fiscal year.

WillScot Dividend Announcement

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

Institutional Trading of WillScot

Several large investors have recently bought and sold shares of WSC. Royal Bank of Canada boosted its stake in WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after buying an additional 6,651 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in WillScot by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock valued at $20,145,000 after buying an additional 8,963 shares in the last quarter. Creative Planning boosted its stake in WillScot by 6.9% in the second quarter. Creative Planning now owns 15,814 shares of the company’s stock valued at $433,000 after buying an additional 1,024 shares in the last quarter. American Century Companies Inc. boosted its stake in WillScot by 3.0% in the second quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock valued at $1,282,000 after buying an additional 1,374 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in WillScot by 48.8% in the second quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock valued at $320,000 after buying an additional 3,827 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WSC shares. Barclays set a $24.00 price target on WillScot in a research note on Friday. Citigroup increased their price target on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley increased their price objective on WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS Group began coverage on WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.88.

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.