WillScot Holdings Corporation $WSC Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 620.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,705 shares of the company’s stock after acquiring an additional 58,305 shares during the quarter. Allianz Asset Management GmbH’s holdings in WillScot were worth $1,855,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 683 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company’s stock worth $38,000 after acquiring an additional 1,122 shares during the last quarter. CWM LLC lifted its holdings in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after acquiring an additional 827 shares during the last quarter. Quarry LP acquired a new position in shares of WillScot in the 1st quarter worth approximately $80,000. Finally, Plato Investment Management Ltd acquired a new position in shares of WillScot in the 1st quarter worth approximately $99,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC opened at $22.47 on Friday. WillScot Holdings Corporation has a twelve month low of $20.08 and a twelve month high of $42.15. The firm’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $25.67. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.00 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55.

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

WillScot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WSC shares. Citigroup initiated coverage on shares of WillScot in a report on Monday, October 20th. They issued a “buy” rating and a $28.00 price objective on the stock. UBS Group set a $35.00 target price on shares of WillScot in a report on Tuesday, September 30th. Robert W. Baird reduced their target price on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Barclays reduced their target price on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Friday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, WillScot has an average rating of “Hold” and an average price target of $30.89.

Insiders Place Their Bets

In other news, EVP Hezron T. Lopez sold 22,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz acquired 2,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer directly owned 418,376 shares in the company, valued at approximately $10,396,643.60. This represents a 0.48% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by company insiders.

About WillScot

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.