Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $25.50

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.50.

WSC has been the subject of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. DA Davidson dropped their target price on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Oppenheimer raised their price target on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen cut WillScot from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Finally, Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th.

Hedge Funds Weigh In On WillScot

A number of large investors have recently modified their holdings of WSC. Salomon & Ludwin LLC increased its holdings in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares during the period. CWM LLC boosted its holdings in 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 purchasing an additional 567 shares during the period. Parallel Advisors LLC grew its position in shares of WillScot by 149.9% during the 4th 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 in the last quarter. Danske Bank A S purchased a new position in shares of WillScot during the 3rd quarter valued at $44,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of WillScot by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after purchasing an additional 1,824 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Trading Down 1.1%

Shares of WillScot stock opened at $18.45 on Tuesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of -61.50, a P/E/G ratio of 1.35 and a beta of 1.08. WillScot has a 52-week low of $14.91 and a 52-week 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’s 50-day simple moving average is $20.53 and its 200 day simple moving average is $20.60.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $545.34 million. During the same quarter in the prior year, the business earned $0.48 EPS. WillScot’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts anticipate that WillScot will post 1.77 EPS for the current year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. WillScot’s dividend payout ratio is currently -93.33%.

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.