WillScot Holdings Corporation (NASDAQ:WSC) Receives $36.00 Consensus Price Target from Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has received an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.00.

A number of brokerages have weighed in on WSC. DA Davidson decreased their target price on WillScot from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, August 1st. William Blair restated a “market perform” rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Morgan Stanley dropped their price target on WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th.

WillScot Stock Performance

NASDAQ WSC opened at $25.59 on Monday. The stock has a market capitalization of $4.66 billion, a PE ratio of 42.65, a P/E/G ratio of 2.20 and a beta of 1.20. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The business has a 50 day simple moving average of $28.07 and a two-hundred day simple moving average of $29.16. WillScot has a 1-year low of $21.91 and a 1-year high of $42.15.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results 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 return on equity of 24.83% and a net margin of 4.66%. The business had revenue of $589.08 million for the quarter, compared to the consensus estimate of $587.07 million. During the same period in the prior year, the business posted $0.39 earnings per share. WillScot’s revenue was down 2.6% on a year-over-year basis. On average, research analysts predict that WillScot will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot’s dividend payout ratio is 46.67%.

Insider Buying and Selling

In other WillScot news, Director Dominick P. Zarcone acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley Lee Soultz acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of $24.85 per share, with a total value of $49,700.00. Following the completion of the transaction, the chief executive officer directly owned 418,376 shares of the company’s stock, 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. Insiders bought 15,000 shares of company stock valued at $387,650 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WillScot

A number of institutional investors have recently modified their holdings of the company. Diametric Capital LP acquired a new stake in shares of WillScot in the second quarter valued at $254,000. Marshall Wace LLP grew its stake in shares of WillScot by 831.2% in the second quarter. Marshall Wace LLP now owns 75,334 shares of the company’s stock valued at $2,064,000 after buying an additional 67,244 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of WillScot by 74.6% in the second quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after buying an additional 117,309 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of WillScot in the second quarter valued at $471,000. Finally, Kennedy Capital Management LLC boosted its holdings in WillScot by 1.8% in the second quarter. Kennedy Capital Management LLC now owns 103,299 shares of the company’s stock valued at $2,830,000 after purchasing an additional 1,789 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.