Mutual of America Capital Management LLC Acquires New Shares in WillScot Holdings Corporation (NASDAQ:WSC)

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

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

Analysts Set New Price Targets

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

WillScot Stock Performance

NASDAQ WSC opened at $24.35 on Monday. WillScot Holdings Corporation has a 52-week low of $21.91 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market capitalization of $4.43 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.17 and a beta of 1.20. The company has a fifty day moving average of $28.23 and a 200-day moving average of $29.32.

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

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 yield of 1.1%. WillScot's payout ratio is currently 46.67%.

Insider Buying and Selling at WillScot

In other WillScot news, CEO Bradley Lee Soultz purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $24.85 per share, with a total value of $49,700.00. Following the completion of the purchase, the chief executive officer directly owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dominick P. Zarcone purchased 10,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was acquired at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director directly owned 15,384 shares of the company's stock, valued at $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 15,000 shares of company stock valued at $387,650 over the last three months. 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.

Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WillScot Holdings Corporation (NASDAQ:WSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.