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

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

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of WillScot by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after acquiring an additional 2,639,559 shares during the last quarter. FMR LLC lifted its position 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 during the period. Capital International Investors lifted its holdings in shares of WillScot by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after buying an additional 897,184 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of WillScot by 4.8% in the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after buying an additional 223,462 shares during the period. Finally, Turtle Creek Asset Management Inc. lifted its holdings in shares of WillScot by 23.9% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,594,848 shares of the company's stock valued at $120,248,000 after buying an additional 693,243 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSC. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley lifted their price objective on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Barclays cut their price objective on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. 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 MarketBeat, WillScot currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.

WillScot Stock Up 1.3%

NASDAQ WSC traded up $0.40 during mid-day trading on Friday, reaching $31.65. 1,319,112 shares of the company's stock traded hands, compared to its average volume of 1,620,332. WillScot Holdings Corporation has a 1-year low of $21.91 and a 1-year high of $42.99. The company has a fifty day simple moving average of $28.34 and a 200-day simple moving average of $30.05. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 3.56. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 351.71, a P/E/G ratio of 1.72 and a beta of 1.24.

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

WillScot Announces Dividend

The business also recently disclosed 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 of this dividend was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. WillScot's dividend payout ratio is currently 311.11%.

Insider Buying and Selling at WillScot

In other news, Director Dominick P. Zarcone acquired 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 completion of the acquisition, the director directly owned 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the acquisition, the chief executive officer owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

WillScot Company Profile

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.