Brokerages Set WillScot Holdings Corporation (NASDAQ:WSC) Price Target at $36.00

WillScot Holdings Corporation (NASDAQ:WSC) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.00.

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

WillScot Stock Up 0.4%

Shares of WillScot stock opened at $23.71 on Friday. The business has a 50-day moving average of $27.01 and a 200-day moving average of $27.47. 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 company has a market capitalization of $4.32 billion, a PE ratio of 39.52, a P/E/G ratio of 2.12 and a beta of 1.14. WillScot has a 1-year low of $21.91 and a 1-year high of $42.15.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The business had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that WillScot will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 3rd. WillScot’s dividend payout ratio (DPR) is 46.67%.

Insider Buying and Selling

In related 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 value of $541,860.00. Following the completion of the transaction, the executive vice president directly owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bradley Lee Soultz purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the purchase, the chief executive officer directly owned 126,817 shares of the company’s stock, valued at approximately $3,214,810.95. This represents a 2.42% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 15,000 shares of company stock worth $387,650. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WillScot

A number of hedge funds and other institutional investors have recently bought and sold shares of WSC. Yousif Capital Management LLC increased 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 valued at $1,941,000 after acquiring an additional 515 shares during the period. Fifth Third Bancorp grew its stake in WillScot by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock worth $66,000 after buying an additional 516 shares during the last quarter. Xponance Inc. grew its stake in WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company’s stock worth $392,000 after buying an additional 568 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in WillScot by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock worth $209,000 after buying an additional 583 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its stake in WillScot by 3.7% during the second quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after buying an additional 650 shares during the last quarter. 95.81% of the stock is currently 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.