Mutual of America Capital Management LLC Invests $748,000 in WillScot Holdings Corporation (NASDAQ:WSC)

Mutual of America Capital Management LLC acquired a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,904 shares of the company's stock, valued at approximately $748,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WSC. CenterBook Partners LP acquired a new position in shares of WillScot in the first quarter valued at about $572,000. Deutsche Bank AG lifted its position in WillScot by 22.1% during the first quarter. Deutsche Bank AG now owns 13,793 shares of the company's stock worth $383,000 after purchasing an additional 2,497 shares during the period. Charles Schwab Investment Management Inc. lifted its position in WillScot by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,751,798 shares of the company's stock worth $48,700,000 after purchasing an additional 182,963 shares during the period. Primecap Management Co. CA lifted its position in WillScot by 16.4% during the first quarter. Primecap Management Co. CA now owns 1,016,800 shares of the company's stock worth $28,267,000 after purchasing an additional 143,300 shares during the period. Finally, Vanguard Group Inc. lifted its position in WillScot by 11.7% during the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company's stock worth $509,811,000 after purchasing an additional 1,924,653 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WSC. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley cut their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, DA Davidson dropped their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.00.

WillScot Price Performance

Shares of WSC stock traded down $0.37 on Friday, reaching $24.28. The company had a trading volume of 357,293 shares, compared to its average volume of 2,676,025. The stock has a market capitalization of $4.42 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.28 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. WillScot Holdings Corporation has a one year low of $21.91 and a one year high of $42.15. The business's 50-day moving average is $28.01 and its 200 day moving average is $29.06.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The firm had revenue of $589.08 million during the quarter, compared to analyst estimates of $587.07 million. During the same period in the prior year, the company earned $0.39 EPS. The business's quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot's dividend payout ratio is currently 46.67%.

Insider Activity at WillScot

In other news, Director Dominick P. Zarcone bought 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the transaction, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley Lee Soultz bought 3,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, with a total value of $76,050.00. Following the transaction, the chief executive officer directly owned 126,817 shares in the company, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their position. The disclosure for this purchase can be found here. Insiders bought 15,000 shares of company stock valued at $387,650 in the last ninety days. 3.10% of the stock is currently owned by insiders.

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.