WillScot Holdings Corporation $WSC Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its position in WillScot Holdings Corporation (NASDAQ:WSC) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 815,661 shares of the company’s stock after selling 53,369 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.45% of WillScot worth $22,349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WSC. CWM LLC lifted its stake in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after purchasing an additional 827 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares during the last quarter. Quarry LP bought a new position in shares of WillScot in the first quarter valued at about $80,000. Plato Investment Management Ltd bought a new position in WillScot in the 1st quarter valued at $99,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in WillScot by 69.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,940 shares of the company’s stock valued at $110,000 after purchasing an additional 1,614 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on WSC. Robert W. Baird dropped their price objective on WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Citigroup assumed coverage on shares of WillScot in a research report on Monday, October 20th. They issued a “buy” rating and a $28.00 price objective on the stock. Barclays lowered their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Jefferies Financial Group decreased their price objective on WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a report on Monday, September 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, WillScot currently has a consensus rating of “Hold” and an average price target of $29.50.

WillScot Stock Performance

Shares of WSC opened at $18.19 on Thursday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. The firm has a 50-day moving average of $21.72 and a 200-day moving average of $25.35. The company has a market cap of $3.31 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. WillScot Holdings Corporation has a one year low of $16.55 and a one year high of $39.81.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The company had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast 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, December 17th. Stockholders of record on Wednesday, December 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 1.5%. The ex-dividend date is Wednesday, December 3rd. WillScot’s payout ratio is currently 23.14%.

Insider Activity at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction 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 of the company’s stock, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.10% of the company’s stock.

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.