Hezron T. Lopez, the Executive Vice President, Chief Legal Officer, Chief Compliance Officer, and ESG Officer of WillScot (NASDAQ:WSC) Holdings Corp (NASDAQ:WSC), recently sold 20,000 shares of the company's common stock. The transactions occurred on November 8, 2024, at an average price of $39.38 per share, amounting to a total value of approximately $787,600. Following these sales, Lopez retains ownership of 57,918 shares in the company.
The shares were sold in multiple transactions, with prices ranging from $39.35 to $39.48, according to the SEC filing. Lopez has committed to providing detailed information about the number of shares sold at each price upon request.
In other recent news, WillScot Corporation has reported a record adjusted EBITDA margin of 44.4% in its Q3 2024 earnings call. Despite a slight decrease in revenue to $601 million, the company managed to increase its adjusted free cash flow per share by 13% year-over-year, reaching $3.12. The company's performance has been noted amidst a challenging market, with non-residential construction square footage up 14% year-over-year but still 15% below 2019 levels. WillScot also reported a decrease in storage leasing revenues and a cautious outlook for the year's end. However, in terms of recent developments, the company remains focused on operational optimization and portfolio expansion, with plans for an Investor Day in the first half of 2025 to discuss growth strategies. Despite a slight dip in revenue, the company reduced variable costs by over $20 million, aiding margin expansion, and increased its share repurchase authorization to $1 billion. Looking forward, WillScot anticipates continued margin expansion and modest growth in 2025.
InvestingPro Insights
To provide additional context to the recent insider sale by Hezron T. Lopez, let's examine some key financial metrics and insights from InvestingPro for WillScot Holdings Corp (NASDAQ:WSC).
According to InvestingPro data, WillScot's market capitalization stands at $6.97 billion, reflecting its significant presence in the industry. The company boasts impressive gross profit margins, with the latest figures showing a robust 54.4% for the last twelve months as of Q3 2024. This strong profitability metric aligns with one of the InvestingPro Tips, which highlights the company's "impressive gross profit margins."
Another relevant InvestingPro Tip indicates that management has been aggressively buying back shares. This corporate action could be seen as a sign of confidence in the company's future prospects and may help to offset the potential negative sentiment from insider sales like Lopez's.
It's worth noting that WillScot's P/E ratio (adjusted) stands at 25.37, which some investors might consider high. This valuation metric is consistent with another InvestingPro Tip suggesting that the company is "trading at a high earnings multiple."
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for WillScot Holdings Corp, providing a deeper understanding of the company's financial health and market position.
WillScot Mobile Mini (NASDAQ:MINI_old) Holdings Corp, headquartered in Phoenix, Arizona, is a leading provider of modular space and portable storage solutions. The company operates through two segments: Modular Solutions and Storage Solutions. It offers various products, including mobile offices, portable storage containers, ground level offices, and modular complexes. WillScot Mobile Mini serves customers across diverse sectors such as commercial, industrial, education, energy, healthcare, government, retail, technology, and construction industries.
Over the past year, WillScot Mobile Mini Holdings Corp has witnessed 7 insider sells and no insider buys. This recent transaction by Hezron T. Lopez is part of this broader trend of insider selling activity at the company.
On the day of Lopez's sale, shares of WillScot Mobile Mini Holdings Corp were trading at $39.38, giving the company a market cap of $7.51 billion. The stock's price-earnings ratio stood at 26.72, which is higher than both the industry median of 14.35 and the company's historical median price-earnings ratio.
With a price of $39.38 and a GuruFocus Value of $55.92, WillScot Mobile Mini Holdings Corp has a price-to-GF-Value ratio of 0.7. This suggests that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
Insider transactions can provide valuable insights into a company's prospects, as insiders often have a deeper understanding of the company's operations and future outlook. However, it's important to note that insider selling doesn't always indicate a lack of confidence in the company. Insiders may sell shares for various personal reasons unrelated to their outlook on the company's future performance.
Investors should consider insider transactions as one of many factors in their investment decision-making process, alongside fundamental analysis, market conditions, and their own investment goals and risk tolerance.
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