AlTi Global Inc. Makes New Investment in WillScot Holdings Corporation $WSC

AlTi Global Inc. bought a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 59,341 shares of the company’s stock, valued at approximately $1,626,000.

Several other institutional investors have also recently bought and sold shares of WSC. GAMMA Investing LLC raised its stake in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 683 shares in the last quarter. Golden State Wealth Management LLC raised its stake in WillScot by 428.2% during the first 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 in the last quarter. CWM LLC raised its stake in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after acquiring an additional 827 shares in the last quarter. Quarry LP acquired a new position in WillScot during the first quarter worth about $80,000. Finally, Plato Investment Management Ltd acquired a new position in WillScot during the first quarter worth about $99,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays reduced their price target on WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 24th. DA Davidson reduced their price target on WillScot from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Citigroup assumed coverage on WillScot in a report on Monday. They set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group reduced their price target on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Friday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.89.

Insider Activity at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the acquisition, the chief executive officer owned 418,376 shares of the company’s stock, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

WillScot Stock Performance

Shares of WSC stock opened at $22.47 on Friday. The business’s 50 day simple moving average is $22.69 and its 200 day simple moving average is $25.65. WillScot Holdings Corporation has a one year low of $20.08 and a one year high of $42.15. The stock has a market capitalization of $4.09 billion, a PE ratio of 37.45, a PEG ratio of 1.97 and a beta of 1.10. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74.

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

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.07 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.2%. WillScot’s dividend 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.