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

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.8750.

Several analysts have issued reports on WSC shares. Morgan Stanley increased their target price on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. UBS Group started coverage on shares of WillScot in a research note on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price on the stock. Barclays increased their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. William Blair reiterated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Finally, DA Davidson decreased their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th.

Insider Activity at WillScot

In other news, Director Bradley Lee Soultz sold 86,421 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the transaction, the director owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This represents a 30.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 155,781 shares of company stock valued at $4,205,113. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WillScot

A number of institutional investors have recently made changes to their positions in WSC. Salomon & Ludwin LLC increased its holdings in shares of WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after buying an additional 679 shares during the last quarter. CWM LLC grew its holdings in shares of WillScot by 37.7% during 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 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 during the last quarter. Danske Bank A S bought a new position in shares of WillScot during the 3rd quarter valued at $44,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of WillScot by 160.4% during the 4th 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. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

NASDAQ WSC opened at $26.21 on Friday. WillScot has a 1 year low of $14.91 and a 1 year high of $31.88. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market capitalization of $4.74 billion, a PE ratio of -68.97, a P/E/G ratio of 1.56 and a beta of 1.34. The company’s 50 day simple moving average is $22.31 and its two-hundred day simple moving average is $20.91.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that WillScot will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. WillScot’s dividend payout ratio is presently -73.68%.

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.