WillScot Holdings Corporation (NASDAQ:WSC) Receives $26.63 Consensus Target Price from Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $26.6250.

Several equities research analysts have commented on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Wall Street Zen downgraded WillScot from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. DA Davidson dropped their price target on WillScot from $35.00 to $32.00 and set a “buy” 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. Finally, Baird R W raised WillScot from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Turtle Creek Asset Management Inc. increased its stake in shares of WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after purchasing an additional 3,645,350 shares during the last quarter. William Blair Investment Management LLC increased its position in WillScot by 3.4% in the second quarter. William Blair Investment Management LLC now owns 5,462,958 shares of the company’s stock worth $149,685,000 after buying an additional 180,797 shares during the last quarter. Norges Bank purchased a new stake in WillScot in the second quarter worth $125,126,000. Dimensional Fund Advisors LP raised its stake in shares of WillScot by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,547,129 shares of the company’s stock valued at $74,874,000 after buying an additional 33,383 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of WillScot by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock valued at $89,829,000 after buying an additional 71,347 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Stock Up 2.8%

WSC stock opened at $21.88 on Thursday. The stock’s 50 day simple moving average is $19.39 and its 200 day simple moving average is $22.98. The company has a market cap of $3.98 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. 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 $14.91 and a fifty-two week high of $39.60.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million for the quarter, compared to the consensus estimate of $583.52 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. On average, research analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is 23.14%.

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.