New Age Alpha Advisors LLC Purchases 28,879 Shares of WillScot Holdings Corporation $WSC

New Age Alpha Advisors LLC raised its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,122 shares of the company’s stock after purchasing an additional 28,879 shares during the quarter. New Age Alpha Advisors LLC owned 0.10% of WillScot worth $3,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WSC. Turtle Creek Asset Management Inc. increased its stake in WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares in the last quarter. Victory Capital Management Inc. increased its stake in WillScot by 4,964.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock valued at $34,432,000 after purchasing an additional 1,598,863 shares in the last quarter. Diversified Management Inc. bought a new stake in WillScot during the 4th quarter valued at about $17,651,000. UBS Group AG increased its stake in WillScot by 135.4% during the 4th quarter. UBS Group AG now owns 1,592,913 shares of the company’s stock valued at $29,995,000 after purchasing an additional 916,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in WillScot during the 4th quarter valued at about $13,862,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Performance

Shares of NASDAQ WSC opened at $24.78 on Tuesday. The firm’s 50-day moving average price is $20.86 and its 200-day moving average price is $20.46. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The company has a market cap of $4.48 billion, a PE ratio of -65.21, a PEG ratio of 1.47 and a beta of 1.31. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $31.88.

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

WillScot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on WSC shares. Robert W. Baird set a $26.00 price objective on shares of WillScot in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. UBS Group started coverage on shares of WillScot in a research note on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective for the company. Morgan Stanley raised their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Citigroup raised their price objective on shares of WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.88.

Insider Activity

In related news, Director Bradley Lee Soultz sold 86,421 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the transaction, the director owned 197,595 shares of the company’s stock, valued at approximately $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 155,781 shares of company stock valued at $4,205,113 over the last quarter. Company insiders own 3.10% of the company’s stock.

WillScot Company 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.