WillScot Holdings Corporation (NASDAQ:WSC) Plans $0.07 Quarterly Dividend

WillScot Holdings Corporation (NASDAQ:WSC) announced a quarterly dividend on Thursday, August 6th, NASDAQ Dividends reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.07 per share on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 2nd.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.8%

Shares of WSC stock opened at $25.82 on Friday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. WillScot has a 1 year low of $14.91 and a 1 year high of $29.77. The stock has a fifty day moving average of $26.83 and a two-hundred day moving average of $23.15. The firm has a market capitalization of $4.67 billion, a PE ratio of -67.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm had revenue of $612.15 million for the quarter, compared to analysts’ expectations of $585.43 million. During the same quarter last year, the company earned $0.27 EPS. WillScot’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that WillScot will post 1.1 EPS for the current year.

Insider Buying and Selling at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the completion of the sale, the director owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. The trade was a 30.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 155,781 shares of company stock worth $4,205,113. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WillScot

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSC. Turtle Creek Asset Management Inc. lifted its position in WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after acquiring an additional 3,645,350 shares during the last quarter. State Street Corp lifted its stake in shares of WillScot by 1.4% in the fourth quarter. State Street Corp now owns 5,774,998 shares of the company’s stock valued at $108,743,000 after buying an additional 80,713 shares during the period. T. Rowe Price Investment Management Inc. grew its position in WillScot by 334.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after buying an additional 4,250,951 shares in the last quarter. Capital International Investors grew its holdings in shares of WillScot by 10.8% during the 4th quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock worth $103,368,000 after purchasing an additional 536,511 shares in the last quarter. Finally, Coliseum Capital Management LLC boosted its stake in WillScot by 70.7% during the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after buying an additional 2,117,247 shares in the last quarter. 95.81% of the stock is currently 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.