WillScot’s (WSC) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of WillScot (NASDAQ:WSC) in a report published on Thursday, MarketBeat.com reports. The firm currently has a $21.00 price target on the stock, down from their previous price target of $37.00.

Several other equities analysts have also weighed in on the stock. Barclays reduced their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Robert W. Baird reduced their price target on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. DA Davidson reduced their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Citigroup initiated coverage on WillScot in a research report on Monday, October 20th. They set a “buy” rating and a $28.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.50.

WillScot Stock Up 1.9%

WSC opened at $17.57 on Thursday. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The firm’s fifty day moving average is $21.47 and its 200 day moving average is $25.24. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. WillScot has a fifty-two week low of $16.55 and a fifty-two week high of $39.81.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million for the quarter, compared to the consensus estimate of $583.52 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. WillScot’s dividend payout ratio is presently 23.14%.

Insider Activity at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of the company’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 value of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of WillScot

A number of hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC raised its holdings in shares of WillScot by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock valued at $1,941,000 after purchasing an additional 515 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares in the last quarter. Xponance Inc. boosted its stake in shares of WillScot by 4.2% during the 1st quarter. Xponance Inc. now owns 14,101 shares of the company’s stock valued at $392,000 after buying an additional 568 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of WillScot by 8.4% in the 1st 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 holdings in WillScot by 3.7% in the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds 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.