WillScot Holdings Corporation (NASDAQ:WSC) Given Average Rating of “Hold” by Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.3750.

WSC has been the subject of several recent analyst reports. Morgan Stanley increased their price target on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday. Citigroup upped their price objective on shares of WillScot from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer raised their target price on shares of WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday. DA Davidson dropped their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays decreased their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 10th.

WillScot Price Performance

NASDAQ WSC opened at $22.17 on Friday. The company has a 50-day moving average price of $21.01 and a two-hundred day moving average price of $21.33. WillScot has a 52 week low of $14.91 and a 52 week high of $34.31. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -73.90, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The business had revenue of $565.97 million for the quarter, compared to analyst estimates of $545.34 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts forecast that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. WillScot’s dividend payout ratio (DPR) is -93.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its holdings in WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after acquiring an additional 679 shares during the last quarter. CWM LLC raised 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 worth $39,000 after purchasing an additional 567 shares in the last quarter. Parallel Advisors LLC lifted its stake in WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S acquired a new stake in WillScot during the third quarter valued at approximately $44,000. Finally, Advisors Asset Management Inc. boosted its holdings in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

About WillScot

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.