Hsbc Holdings PLC Has $218,000 Stake in WillScot Holdings Corporation $WSC

Hsbc Holdings PLC raised its position in WillScot Holdings Corporation (NASDAQ:WSC) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,849 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Hsbc Holdings PLC’s holdings in WillScot were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of WillScot by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after acquiring an additional 1,924,653 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of WillScot in the 1st quarter valued at about $145,392,000. Turtle Creek Asset Management Inc. grew its holdings in shares of WillScot by 23.9% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company’s stock valued at $120,248,000 after acquiring an additional 693,243 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of WillScot by 1.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,803,085 shares of the company’s stock valued at $77,926,000 after acquiring an additional 48,502 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of WillScot by 19.7% in the 1st quarter. Invesco Ltd. now owns 2,178,093 shares of the company’s stock valued at $60,551,000 after acquiring an additional 357,777 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Transactions at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dominick P. Zarcone acquired 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the acquisition, the director owned 15,384 shares of the company’s stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 15,000 shares of company stock worth $387,650 over the last quarter. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WSC. William Blair restated a “market perform” rating on shares of WillScot in a report on Thursday, May 29th. DA Davidson decreased their price objective on WillScot from $45.00 to $40.00 and set a “buy” rating for the company in a report on Friday, August 1st. Finally, Morgan Stanley reduced their price target on WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.00.

WillScot Trading Up 0.4%

WillScot stock opened at $23.71 on Friday. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $42.15. The stock has a market capitalization of $4.32 billion, a P/E ratio of 39.52, a PEG ratio of 2.11 and a beta of 1.13. The stock has a 50-day simple moving average of $27.01 and a 200 day simple moving average of $27.63. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The firm had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. Analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot’s payout ratio is currently 46.67%.

WillScot Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.