Key Points
- WillScot director Bradley Lee Soultz sold 4,317 shares on May 13 at an average price of $25.92, reducing his ownership by about 1.03% to 414,059 shares. The transaction was disclosed in an SEC filing.
- Soultz also sold a much larger amount of stock earlier that week, including 86,421 shares and 65,043 shares on May 12 at average prices of $26.99 and $27.07, respectively.
- WillScot beat quarterly earnings estimates with EPS of $0.21 versus $0.16 expected and revenue of $548.63 million versus $518.17 million estimated, while analysts currently rate the stock a consensus Hold with a target price of $25.88.
WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) Director Bradley Lee Soultz sold 4,317 shares of WillScot 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 sale, the director directly owned 414,059 shares in the company, valued at $10,732,409.28. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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 Stock Performance
Shares of WSC stock opened at $26.13 on Friday. The business's 50-day moving average price is $20.25 and its 200-day moving average price is $20.36. WillScot Holdings Corporation has a 12 month low of $14.91 and a 12 month high of $31.88. The firm has a market capitalization of $4.73 billion, a price-to-earnings 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 (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same period last year, the firm posted $0.26 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts forecast that WillScot Holdings Corporation will post 1.1 EPS for the current year.
WillScot Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, June 3rd. WillScot's dividend payout ratio (DPR) is -73.68%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on WSC shares. Weiss Ratings restated a "sell (d+)" rating on shares of WillScot in a research report on Wednesday, January 21st. Citigroup raised their price objective on WillScot from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday. Robert W. Baird set a $26.00 price objective on WillScot in a research report on Friday, May 8th. Zacks Research upgraded WillScot from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded WillScot from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.88.
View Our Latest Stock Analysis on WillScot
Institutional Investors Weigh In On WillScot
A number of hedge funds have recently added to or reduced their stakes in the business. Xponance LLC increased its holdings in WillScot by 3.5% in the fourth quarter. Xponance LLC now owns 14,245 shares of the company's stock worth $268,000 after purchasing an additional 478 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in WillScot by 22.9% in 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 in the last quarter. CWM LLC increased its holdings in WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company's stock worth $39,000 after purchasing an additional 567 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in WillScot by 1.5% in 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 in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in WillScot by 117.3% in 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 in the last quarter. 95.81% of the stock is currently owned by institutional investors.
About WillScot
(
Get Free Report)
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.
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