Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) Price Target at $23.50

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.50.

A number of analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Morgan Stanley boosted their target price on shares of WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays boosted their target price on shares of WillScot from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. Finally, DA Davidson dropped their target price on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th.

WillScot Trading Up 5.3%

Shares of WSC opened at $21.30 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of -71.00, a P/E/G ratio of 1.48 and a beta of 1.16. WillScot has a one year low of $14.91 and a one year high of $31.88. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a 50-day moving average price of $19.63 and a 200 day moving average price of $20.13.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business had revenue of $565.97 million during the quarter, compared to analysts’ expectations of $545.34 million. During the same period in the prior year, the company posted $0.48 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts forecast that WillScot will post 1.05 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot’s dividend payout ratio is presently -93.33%.

Hedge Funds Weigh In On WillScot

Several large investors have recently added to or reduced their stakes in WSC. Salomon & Ludwin LLC lifted its stake in WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the last quarter. CWM LLC boosted its holdings in shares of WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares during the period. Parallel Advisors LLC boosted its holdings in shares of WillScot by 149.9% in the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after buying an additional 1,238 shares during the period. Danske Bank A S acquired a new position in shares of WillScot in the 3rd quarter valued at about $44,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.