Mutual of America Capital Management LLC Reduces Stake in WillScot Holdings Corporation $WSC

Mutual of America Capital Management LLC reduced its holdings in WillScot Holdings Corporation (NASDAQ:WSC) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,430 shares of the company’s stock after selling 3,474 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WillScot were worth $642,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WSC. Yousif Capital Management LLC lifted its stake in WillScot by 0.7% in the second quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock worth $1,941,000 after acquiring an additional 515 shares during the period. Xponance Inc. raised its holdings in WillScot by 4.2% in the 1st quarter. Xponance Inc. now owns 14,101 shares of the company’s stock worth $392,000 after purchasing an additional 568 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock worth $209,000 after purchasing an additional 583 shares during the period. Thompson Investment Management Inc. lifted its position in shares of WillScot by 3.7% in the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after purchasing an additional 650 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after purchasing an additional 683 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Stock Performance

Shares of WSC opened at $22.76 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55. The stock has a market cap of $4.14 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.00 and a beta of 1.10. The business’s 50 day moving average price is $22.66 and its 200-day moving average price is $25.64. WillScot Holdings Corporation has a 52 week low of $20.08 and a 52 week high of $42.15.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million for the quarter, compared to analysts’ expectations of $587.07 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. Equities research analysts anticipate that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, September 3rd. WillScot’s dividend payout ratio (DPR) is currently 46.67%.

Insiders Place Their Bets

In other news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the transaction, the executive vice president directly owned 54,038 shares of the company’s stock, valued at $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $24.85 per share, with a total value of $49,700.00. Following the completion of the purchase, the chief executive officer owned 418,376 shares in the company, valued at $10,396,643.60. This trade represents a 0.48% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of research reports. Robert W. Baird decreased their price target on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Citigroup initiated coverage on WillScot in a report on Monday, October 20th. They set a “buy” rating and a $28.00 target price on the stock. Jefferies Financial Group decreased their target price on WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, September 29th. UBS Group set a $35.00 target price on WillScot in a research note on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.89.

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.