WillScot (NASDAQ:WSC) Given New $22.00 Price Target at Barclays

WillScot (NASDAQ:WSC) had its price target decreased by Barclays from $34.00 to $22.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on WSC. Morgan Stanley cut their target price on WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. DA Davidson cut their target price on WillScot from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Finally, William Blair reiterated a “market perform” rating on shares of WillScot in a report on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WillScot currently has an average rating of “Hold” and an average price target of $34.00.

WillScot Stock Performance

Shares of WSC stock opened at $21.42 on Wednesday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. WillScot has a 52 week low of $21.39 and a 52 week high of $42.15. 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 firm has a 50 day moving average of $25.34 and a 200-day moving average of $26.69.

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

WillScot Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot’s dividend payout ratio (DPR) is 46.67%.

Insider Buying and Selling at WillScot

In related news, CEO Bradley Lee Soultz acquired 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the purchase, the chief executive officer owned 126,817 shares in the company, valued at approximately $3,214,810.95. The trade was a 2.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WillScot

Large investors have recently made changes to their positions in the business. Caxton Associates LLP increased its holdings in WillScot by 63.8% in the 2nd quarter. Caxton Associates LLP now owns 49,149 shares of the company’s stock worth $1,347,000 after acquiring an additional 19,149 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in WillScot by 6.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 621,808 shares of the company’s stock worth $17,038,000 after acquiring an additional 35,846 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in WillScot by 0.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after acquiring an additional 714 shares during the last quarter. Corient Private Wealth LLC grew its holdings in WillScot by 52.4% during the 2nd quarter. Corient Private Wealth LLC now owns 40,664 shares of the company’s stock valued at $1,114,000 after buying an additional 13,973 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in WillScot by 50.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 66,599 shares of the company’s stock valued at $1,825,000 after buying an additional 22,304 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.