New York State Teachers Retirement System Invests $1.15 Million in WillScot Holdings Corporation (NASDAQ:WSC)

New York State Teachers Retirement System purchased a new position in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,300 shares of the company's stock, valued at approximately $1,148,000.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of WillScot by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of WillScot by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,568,835 shares of the company's stock valued at $52,478,000 after acquiring an additional 35,665 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in WillScot in the fourth quarter valued at $432,000. Raymond James Financial Inc. purchased a new position in shares of WillScot during the fourth quarter worth about $8,294,000. Finally, AlphaQuest LLC grew its holdings in shares of WillScot by 221.2% during the fourth quarter. AlphaQuest LLC now owns 17,539 shares of the company's stock worth $587,000 after purchasing an additional 12,078 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Down 0.9%

Shares of WillScot stock traded down $0.28 on Friday, hitting $30.40. 1,425,011 shares of the company traded hands, compared to its average volume of 2,672,502. The company has a 50-day moving average price of $27.94 and a 200 day moving average price of $30.28. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $43.80. The company has a market cap of $5.54 billion, a PE ratio of 337.82, a PEG ratio of 1.68 and a beta of 1.24.

WillScot (NASDAQ:WSC - Get Free Report) last posted 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 company had revenue of $559.55 million for 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 company's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Sell-side analysts predict that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

Analyst Ratings Changes

WSC has been the topic of a number of analyst reports. William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Morgan Stanley boosted their price objective 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. Finally, Barclays decreased their price target 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.63.

Insider Transactions at WillScot

In other WillScot news, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer directly owned 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This represents a 8.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dominick P. Zarcone acquired 10,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

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.