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Timothy D. Boswell, President and Chief Operating Officer of WillScot Holdings Corp. (NASDAQ:WSC), has recently acquired 5,000 shares of the company’s common stock. The purchase, made on March 13, 2025, was executed at an average price of approximately $29.14 per share, totaling $145,713. The timing is notable as the stock trades near its 52-week low of $27.58, down about 35% over the past year. According to InvestingPro analysis, WSC currently appears undervalued, making this insider purchase particularly interesting.
Following this transaction, Boswell’s direct ownership stands at 34,156 shares. Additionally, he holds indirect ownership of 271,706 shares through the EAB Irrevocable Trust. Boswell also retains derivative holdings, including restricted and performance stock units, as well as stock options with a right to buy 125,691 shares of common stock. The $5.25 billion market cap company maintains impressive gross profit margins of 54%. Unlock deeper insights into insider trading patterns and 12 more exclusive ProTips with InvestingPro.
In other recent news, WillScot Holdings Corporation has announced a private offering of $500 million in senior secured notes due 2030 through its subsidiary, Williams Scotsman, Inc. The proceeds from this offering, along with an estimated $33 million from additional borrowings, are intended to redeem all outstanding 6.125% senior secured notes due 2025, totaling $526.5 million in principal. This move is contingent upon the successful completion of the new debt financing. In analyst updates, DA Davidson has maintained a Buy rating on WillScot, with a price target of $47, following the company’s Investor Day where strategies for increased market penetration and improved free cash flow were highlighted. Meanwhile, BofA Securities has adjusted its price target for WillScot to $43 from $47, citing fourth-quarter revenue that slightly missed consensus and a cautious guidance for 2025. Despite this, BofA maintains a Buy rating, noting positive trends in retailer remodels and infrastructure projects. Additionally, Morgan Stanley (NYSE:MS) has reiterated its Overweight rating with a $50 price target, following WillScot’s update to its capital allocation strategy, which now includes the initiation of a dividend.
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