New Age Alpha Advisors LLC Boosts Holdings in WillScot Holdings Corporation $WSC

New Age Alpha Advisors LLC increased its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 175,122 shares of the company’s stock after acquiring an additional 28,879 shares during the quarter. New Age Alpha Advisors LLC’s holdings in WillScot were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in WillScot by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock valued at $783,000 after purchasing an additional 600 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after purchasing an additional 679 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in WillScot by 0.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock valued at $5,092,000 after purchasing an additional 714 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in WillScot by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 103,421 shares of the company’s stock valued at $1,946,000 after purchasing an additional 929 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Morgan Stanley lifted their price target on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price target on shares of WillScot in a report on Friday, May 8th. Finally, Citigroup lifted their price target on shares of WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.88.

WillScot Stock Performance

WillScot stock opened at $24.78 on Tuesday. The stock has a market cap of $4.48 billion, a P/E ratio of -65.21, a PEG ratio of 1.47 and a beta of 1.31. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $31.88. The firm’s 50 day moving average price is $20.86 and its 200-day moving average price is $20.46.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities analysts predict that WillScot Holdings Corporation will post 1.1 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

Insider Activity

In other news, Director Bradley Lee Soultz sold 4,317 shares of WillScot stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total transaction of $111,896.64. Following the sale, the director owned 414,059 shares in the company, valued at $10,732,409.28. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 155,781 shares of company stock worth $4,205,113 in the last quarter. Company insiders own 3.10% of the company’s stock.

WillScot Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.