WillScot Holdings Corporation (WSC) to Issue Quarterly Dividend of $0.07 on March 18th

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.07 per share on Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 4th.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Analysts expect WillScot to earn $1.96 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 14.3%.

WillScot Price Performance

WSC stock opened at $22.81 on Friday. The stock’s 50 day moving average price is $20.75 and its 200 day moving average price is $21.39. The firm has a market cap of $4.15 billion, a P/E ratio of -76.03, a PEG ratio of 2.01 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, 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 $39.10.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a positive return on equity of 19.53% and a negative net margin of 2.32%.The company had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Royal Bank of Canada increased its stake in WillScot by 24.6% during the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock worth $936,000 after acquiring an additional 6,651 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in WillScot by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after purchasing an additional 8,963 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in WillScot by 40.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,473 shares of the company’s stock valued at $314,000 after buying an additional 3,333 shares during the period. Allianz Asset Management GmbH lifted its position in WillScot by 620.3% during the second quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock valued at $1,855,000 after buying an additional 58,305 shares in the last quarter. Finally, AlTi Global Inc. purchased a new stake in WillScot during the second quarter worth approximately $1,626,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.