WillScot (NASDAQ:WSC) Given New $35.00 Price Target at DA Davidson

WillScot (NASDAQ:WSC) had its price target decreased by DA Davidson from $40.00 to $35.00 in a research report released on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley dropped their price objective on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, Jefferies Financial Group decreased their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.13.

WillScot Stock Performance

WSC opened at $21.11 on Tuesday. WillScot has a 12-month low of $20.08 and a 12-month high of $42.15. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.86 and a beta of 1.14. The business has a 50 day moving average of $24.59 and a 200-day moving average of $26.43. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55.

WillScot (NASDAQ:WSC) last released its quarterly earnings data 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). The business had revenue of $589.08 million during 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 business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. On average, equities research analysts expect that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. WillScot’s payout ratio is 46.67%.

Insider Activity at WillScot

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares of the company’s stock, valued at $1,330,955.94. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bradley Lee Soultz purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the transaction, the chief executive officer directly owned 418,376 shares in the company, valued at approximately $10,396,643.60. This trade represents a 0.48% 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 business. Caxton Associates LLP boosted its position in shares of WillScot by 63.8% in the second quarter. Caxton Associates LLP now owns 49,149 shares of the company’s stock valued at $1,347,000 after acquiring an additional 19,149 shares during the period. Public Sector Pension Investment Board boosted its stake 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 purchasing an additional 35,846 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position 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 buying an additional 714 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of 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 purchasing an additional 13,973 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in WillScot by 50.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 66,599 shares of the company’s stock worth $1,825,000 after acquiring an additional 22,304 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.