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

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

A number of other institutional investors have also recently made changes to their positions in WSC. Franklin Resources Inc. grew its holdings in WillScot by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC grew its holdings in WillScot by 13.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after acquiring an additional 664,805 shares in the last quarter. FMR LLC grew its holdings in WillScot by 12.0% during the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after acquiring an additional 595,063 shares in the last quarter. Capital International Investors grew its holdings in WillScot by 20.3% during the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after acquiring an additional 897,184 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in WillScot by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock worth $161,641,000 after acquiring an additional 223,462 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Buying and Selling at WillScot

In related news, Director Dominick P. Zarcone purchased 10,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director directly owned 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following 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. Insiders own 3.10% of the company's stock.

WillScot Stock Performance

WSC stock traded up $0.29 on Tuesday, hitting $28.54. The company's stock had a trading volume of 2,056,419 shares, compared to its average volume of 2,679,388. The firm has a 50 day moving average of $27.63 and a two-hundred day moving average of $30.34. WillScot Holdings Corporation has a 1 year low of $21.91 and a 1 year high of $43.80. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 317.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56.

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

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.98%. WillScot's dividend payout ratio is currently 311.11%.

Wall Street Analysts Forecast Growth

WSC has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. William Blair restated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Barclays reduced their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, Oppenheimer reduced their price objective on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.