Chevy Chase Trust Holdings LLC Grows Stock Holdings in WillScot Holdings Corporation $WSC

Chevy Chase Trust Holdings LLC raised its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,131 shares of the company’s stock after purchasing an additional 870 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in WillScot were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WSC. GAMMA Investing LLC grew its position in WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after buying an additional 683 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of WillScot by 428.2% during 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 in the last quarter. CWM LLC grew its position in shares of WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after acquiring an additional 827 shares during the period. Quarry LP purchased a new position in shares of WillScot in the 1st quarter valued at about $80,000. Finally, Plato Investment Management Ltd acquired a new position in WillScot in the 1st quarter worth about $99,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WillScot

In other WillScot 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 value of $541,860.00. Following the sale, the executive vice president owned 54,038 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WSC shares. Citigroup assumed coverage on WillScot in a report on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Morgan Stanley dropped their target price on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Barclays reduced their price target on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 24th. Finally, UBS Group set a $35.00 price objective on WillScot in a report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.89.

WillScot Stock Up 2.5%

WSC stock opened at $22.23 on Wednesday. WillScot Holdings Corporation has a one year low of $20.08 and a one year high of $42.15. The firm has a market cap of $4.05 billion, a PE ratio of 37.05, a PEG ratio of 2.05 and a beta of 1.10. The firm’s 50 day moving average price is $22.85 and its 200-day moving average price is $25.70. 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 posted 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). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period last year, the business earned $0.39 EPS. WillScot’s revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot’s payout ratio is 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.