41,300 Shares in WillScot Holdings Corporation (NASDAQ:WSC) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 41,300 shares of the company's stock, valued at approximately $1,148,000.

Several other large investors have also recently modified their holdings of the company. Sciencast Management LP boosted its holdings in WillScot by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares during the period. Fifth Third Bancorp increased its holdings in shares of WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares during the period. GAMMA Investing LLC grew its position in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares during the last quarter. State of Wyoming purchased a new position in WillScot in the 4th quarter valued at $34,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of WillScot by 0.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock worth $11,537,000 after purchasing an additional 1,070 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

Insider Transactions at WillScot

In other news, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the acquisition, the chief executive officer directly owned 128,817 shares in the company, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the acquisition, the director owned 15,384 shares in the company, 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. Company insiders own 3.10% of the company's stock.

WillScot Trading Up 5.5%

WSC traded up $1.60 during trading on Thursday, reaching $30.68. The company had a trading volume of 2,787,048 shares, compared to its average volume of 2,677,893. The firm's 50-day simple moving average is $27.78 and its 200 day simple moving average is $30.32. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 340.93, a PEG ratio of 1.57 and a beta of 1.24. WillScot Holdings Corporation has a 12-month low of $21.91 and a 12-month high of $43.80. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83.

WillScot (NASDAQ:WSC - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. WillScot's payout ratio is presently 311.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WSC shares. Morgan Stanley boosted their target price 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. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Barclays lowered their price objective 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

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.