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PHOENIX—Erik Olsson, a director at WillScot Holdings Corp (NASDAQ:WSC), executed a significant stock transaction earlier this week. According to a recent SEC filing, Olsson sold 110,307 shares of the company’s common stock on March 18, 2025, at a weighted average price of $30.19 per share. This transaction amounted to approximately $3.3 million.
In conjunction with this sale, Olsson exercised stock options to acquire the same number of shares at a price of $10.91 each, totaling about $1.2 million. Following these transactions, Olsson’s direct ownership stands at 626,306 shares. Analysts maintain price targets ranging from $32 to $50, suggesting potential upside from current levels.
These transactions are part of routine insider activity, and the shares were sold in multiple transactions at prices ranging from $29.93 to $30.45. The stock options exercised were originally received through a merger with Mobile Mini (NASDAQ:MINI_old), Inc. in July 2020. With a P/E ratio of 203 and P/B ratio of 5.46, InvestingPro subscribers can access 8 additional key insights about WSC’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, WillScot Holdings Corporation has announced a significant financial maneuver by pricing a $500 million offering of senior secured notes due in 2030. The proceeds, estimated at approximately $493.5 million, will primarily be used to redeem all outstanding 6.125% senior secured notes due in 2025, contingent upon successful completion of the new debt financing. This strategic move is expected to streamline the company’s financial obligations, with additional funds sourced from an existing credit facility to cover related expenses.
Analyst firms have weighed in on WillScot’s recent developments. DA Davidson has maintained a Buy rating with a $47 price target, expressing confidence in the company’s strategic initiatives to enhance market penetration and free cash flow. BofA Securities, while maintaining a Buy rating, has adjusted its price target to $43, citing a cautious outlook due to reduced demand in end markets, despite some positive trends in retailer remodels and infrastructure projects. Meanwhile, Morgan Stanley (NYSE:MS) reiterated an Overweight rating with a $50 price target, highlighting WillScot’s introduction of a dividend as a positive shift in capital allocation strategy.
The company’s fourth-quarter results showed revenue of $602.5 million, slightly below expectations, but EBITDA exceeded projections. Analysts have noted the ongoing challenges in the market, but also point to potential signs of stabilization. Overall, these recent developments reflect a dynamic period for WillScot, with strategic financial actions and analyst evaluations suggesting varied perspectives on the company’s future trajectory.
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