Brokerages Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $25.38

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have received a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.3750.

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. DA Davidson cut 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, February 24th. Barclays reduced their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Oppenheimer lifted their target price on WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd.

Institutional Investors Weigh In On WillScot

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC increased its stake in shares of 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 purchasing an additional 679 shares during the last quarter. CWM LLC lifted its stake 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 last quarter. Parallel Advisors LLC grew its holdings in WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares during the period. Danske Bank A S acquired a new position in WillScot during the third quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. raised its stake in WillScot by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after buying an additional 1,824 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Trading Down 3.9%

WSC opened at $20.93 on Friday. The stock has a market capitalization of $3.79 billion, a P/E ratio of -69.77, a P/E/G ratio of 1.58 and a beta of 1.08. 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 has a 12 month low of $14.91 and a 12 month high of $31.88. The firm’s fifty day simple moving average is $21.14 and its 200 day simple moving average is $21.22.

WillScot (NASDAQ:WSC) last released its quarterly earnings results 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). The firm had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. As a group, research analysts anticipate that WillScot will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

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