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

WillScot Holdings Corporation (NASDAQ:WSCGet Free Report) Director Bradley Lee Soultz sold 4,317 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total transaction of $111,896.64. Following the completion of the sale, the director directly owned 414,059 shares in the company, valued at $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 transaction 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 transaction of $1,760,714.01.

WillScot Price Performance

WillScot stock opened at $24.48 on Friday. The company’s 50 day simple moving average is $20.31 and its 200-day simple moving average is $20.39. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -64.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year 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:WSCGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $548.63 million for the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, equities research analysts expect that WillScot Holdings Corporation will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

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

Institutional Investors Weigh In On WillScot

Large investors have recently modified their holdings of the company. Van Berkom & Associates Inc. increased its position in shares of WillScot by 26.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of WillScot in the 3rd quarter valued at approximately $1,566,000. Envestnet Asset Management Inc. increased its position in shares of WillScot by 13.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 549,030 shares of the company’s stock valued at $11,590,000 after purchasing an additional 66,889 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of WillScot in the 4th quarter valued at approximately $13,862,000. Finally, SG Americas Securities LLC increased its position in shares of WillScot by 632.2% in the 3rd quarter. SG Americas Securities LLC now owns 46,654 shares of the company’s stock valued at $985,000 after purchasing an additional 40,282 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WSC has been the topic of several recent research reports. Citigroup upped their target price on shares of WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Finally, Barclays upped their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.88.

View Our Latest Analysis on WSC

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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