Amalgamated Bank Grows Stock Position in WillScot Holdings Corporation (NASDAQ:WSC)

Amalgamated Bank boosted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 444.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 56,374 shares of the company's stock after purchasing an additional 46,024 shares during the quarter. Amalgamated Bank's holdings in WillScot were worth $1,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the last quarter. State of Wyoming purchased a new position in shares of WillScot in the 4th quarter worth $34,000. Golden State Wealth Management LLC grew its holdings in shares of WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. Jones Financial Companies Lllp increased its position in WillScot by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WillScot

In other news, Director Dominick P. Zarcone acquired 10,000 shares of WillScot stock in a transaction on Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the purchase, the director directly owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, the chief executive officer owned 128,817 shares of the company's stock, valued at $3,451,007.43. This represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

WillScot Price Performance

Shares of WSC stock traded down $0.28 on Friday, hitting $30.40. 1,425,011 shares of the stock traded hands, compared to its average volume of 2,676,399. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $43.80. The firm has a 50 day simple moving average of $27.88 and a two-hundred day simple moving average of $30.30. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 337.82, a PEG ratio of 1.59 and a beta of 1.24.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot had a net margin of 0.63% and a return on equity of 26.28%. The business had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. WillScot's revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. WillScot's dividend payout ratio is 311.11%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WSC shares. William Blair reissued a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley increased their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Finally, Barclays lowered their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.