WillScot Holdings Corporation (WSC) to Issue Quarterly Dividend of $0.07 on June 17th

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.07 per share on Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, June 3rd.

WillScot has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect WillScot to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 21.2%.

WillScot Price Performance

WSC opened at $25.73 on Monday. The firm has a 50-day simple moving average of $21.51 and a two-hundred day simple moving average of $20.65. WillScot has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a market capitalization of $4.65 billion, a PE ratio of -67.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $548.63 million during the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. Analysts forecast that WillScot will post 1.1 earnings per share for the current fiscal year.

Insider Transactions at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 155,781 shares of company stock worth $4,205,113 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WillScot

Large investors have recently made changes to their positions in the business. Van Berkom & Associates Inc. lifted its stake in shares of WillScot by 26.8% during the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock worth $64,483,000 after buying an additional 645,246 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of WillScot by 13.9% during the third quarter. Envestnet Asset Management Inc. now owns 549,030 shares of the company’s stock worth $11,590,000 after buying an additional 66,889 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of WillScot during the fourth quarter worth $13,862,000. Illinois Municipal Retirement Fund acquired a new stake in shares of WillScot during the third quarter worth $2,134,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of WillScot during the fourth quarter worth $757,000. 95.81% of the stock is owned by institutional investors and hedge funds.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.