WillScot Holdings Corporation (WSC) to Issue Quarterly Dividend of $0.07 on December 16th

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.07 per share on Wednesday, December 16th. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 2nd.

WillScot has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect WillScot to earn $1.28 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 21.9%.

WillScot Price Performance

WSC stock opened at $18.86 on Friday. The stock’s 50 day moving average is $17.97 and its two-hundred day moving average is $21.81. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $3.42 billion, a PE ratio of -55.47, a P/E/G ratio of 1.12 and a beta of 1.37. WillScot has a 52-week low of $14.91 and a 52-week high of $29.77.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $601.34 million for the quarter, compared to analysts’ expectations of $586.11 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that WillScot will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in WillScot during the 2nd quarter valued at $43,000. Signaturefd LLC increased its stake in shares of WillScot by 73.6% in the third quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $30,000 after purchasing an additional 740 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of WillScot by 620.5% in the third quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock valued at $30,000 after acquiring an additional 1,514 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of WillScot by 96.3% in the 1st quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock valued at $70,000 after buying an additional 1,987 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of WillScot by 78.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,575 shares of the company’s stock valued at $105,000 after buying an additional 2,447 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Company Profile

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.