Headlands Technologies LLC Sells 3,196 Shares of WillScot Holdings Corporation (NASDAQ:WSC)

Headlands Technologies LLC lessened its stake in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 61.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,017 shares of the company’s stock after selling 3,196 shares during the quarter. Headlands Technologies LLC’s holdings in WillScot were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSC. Russell Investments Group Ltd. grew its stake in shares of WillScot by 12.4% during the fourth quarter. Russell Investments Group Ltd. now owns 99,442 shares of the company’s stock worth $3,326,000 after buying an additional 10,945 shares during the last quarter. Invesco Ltd. grew its stake in shares of WillScot by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock worth $60,890,000 after purchasing an additional 1,605,436 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of WillScot in the fourth quarter worth $8,294,000. Sterling Capital Management LLC grew its stake in shares of WillScot by 44.4% in the fourth quarter. Sterling Capital Management LLC now owns 8,605 shares of the company’s stock worth $288,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Mariner LLC grew its stake in shares of WillScot by 66.1% in the fourth quarter. Mariner LLC now owns 146,294 shares of the company’s stock worth $4,893,000 after purchasing an additional 58,198 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot

In related news, CEO Bradley Lee Soultz acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the completion of the acquisition, the chief executive officer owned 126,817 shares of the company’s stock, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director directly owned 15,384 shares of the company’s stock, valued at approximately $402,906.96. This trade represents a 185.74% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 15,000 shares of company stock worth $387,650. 3.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WSC shares. William Blair reissued a “market perform” rating on shares of WillScot in a research note on Thursday, May 29th. Morgan Stanley reduced their price objective on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, DA Davidson reduced their price objective on shares of WillScot from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, WillScot has an average rating of “Hold” and a consensus target price of $36.00.

WillScot Price Performance

WSC stock opened at $24.71 on Wednesday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.14 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $42.15. The company’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $29.18.

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

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.1%. WillScot’s payout ratio is presently 46.67%.

WillScot Company 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.