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

Mutual of America Capital Management LLC bought a new stake in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,904 shares of the company's stock, valued at approximately $748,000.

Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of WillScot by 444.7% during the 1st quarter. Amalgamated Bank now owns 56,374 shares of the company's stock worth $1,567,000 after purchasing an additional 46,024 shares during the last quarter. GAMMA Investing LLC raised its position in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares during the period. KBC Group NV lifted its holdings in WillScot by 16.7% in the 1st quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after buying an additional 1,312 shares in the last quarter. New York State Teachers Retirement System acquired a new position in WillScot in the 1st quarter worth $1,148,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of WillScot in the 1st quarter valued at about $10,987,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WSC. Morgan Stanley raised their price target on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Barclays reduced their target price on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WillScot presently has an average rating of "Moderate Buy" and an average target price of $40.63.

WillScot Stock Performance

NASDAQ WSC traded up $0.40 on Thursday, hitting $31.25. 900,612 shares of the stock were exchanged, compared to its average volume of 2,647,692. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. The business's fifty day moving average is $28.27 and its 200 day moving average is $30.08. WillScot Holdings Corporation has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a market capitalization of $5.70 billion, a PE ratio of 347.26, a P/E/G ratio of 1.66 and a beta of 1.24.

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

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's payout ratio is presently 311.11%.

Insider Activity

In related news, Director Dominick P. Zarcone acquired 10,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were bought at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer directly 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. 3.10% of the stock is owned by corporate 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.