Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $40.63

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $40.63.

Several brokerages have commented on WSC. Barclays lowered their price objective on shares of WillScot from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Morgan Stanley lifted their price target on shares of WillScot from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Finally, William Blair reissued a “market perform” rating on shares of WillScot in a report on Thursday, May 29th.

WillScot Price Performance

WSC stock opened at $30.40 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 337.82, a PEG ratio of 1.67 and a beta of 1.24. The company’s fifty day simple moving average is $28.25 and its 200 day simple moving average is $30.13. WillScot has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot (NASDAQ:WSC) last issued its earnings results 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 net margin of 0.63% and a return on equity of 26.28%. The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts expect that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.92%. WillScot’s dividend payout ratio (DPR) is presently 311.11%.

Insider Buying and Selling

In other WillScot news, Director Dominick P. Zarcone acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director directly owned 15,384 shares of the company’s stock, valued at approximately $402,906.96. The trade was a 185.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WillScot

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in WillScot by 6.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 108,655 shares of the company’s stock worth $2,976,000 after acquiring an additional 6,282 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WillScot by 338.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock worth $112,000 after purchasing an additional 3,157 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of WillScot in the 2nd quarter worth $911,000. Harbor Capital Advisors Inc. raised its stake in shares of WillScot by 1.7% in the second quarter. Harbor Capital Advisors Inc. now owns 97,187 shares of the company’s stock worth $2,663,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of WillScot by 10.8% during the second quarter. Douglas Lane & Associates LLC now owns 1,270,549 shares of the company’s stock valued at $34,813,000 after purchasing an additional 123,620 shares in the last quarter. Hedge funds and other institutional investors own 95.81% 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.