WillScot Holdings Corporation (NASDAQ:WSC) Receives Consensus Rating of “Hold” from Brokerages

WillScot Holdings Corporation (NASDAQ:WSC) has received an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.6250.

Several research firms recently weighed in on WSC. Citigroup lifted their target price on shares of WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday. Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Oppenheimer restated an “outperform” rating and set a $29.00 target price on shares of WillScot in a report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $26.00 target price on shares of WillScot in a report on Friday.

Institutional Trading of WillScot

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in WillScot by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock valued at $71,339,000 after acquiring an additional 404,469 shares in the last quarter. Parallel Advisors LLC grew its position in WillScot by 96.3% in the first quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock valued at $70,000 after acquiring an additional 1,987 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in WillScot in the first quarter valued at approximately $191,000. Bessemer Group Inc. lifted its holdings in WillScot by 31.3% in the 1st quarter. Bessemer Group Inc. now owns 378,048 shares of the company’s stock worth $6,563,000 after buying an additional 90,160 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in WillScot by 14.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 103,805 shares of the company’s stock worth $1,802,000 after buying an additional 13,441 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Trading Up 1.2%

NASDAQ WSC opened at $27.02 on Wednesday. WillScot has a one year low of $14.91 and a one year high of $31.88. The company’s 50 day moving average price is $20.06 and its 200 day moving average price is $20.30. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of -71.11, a PEG ratio of 1.60 and a beta of 1.31.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating 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 firm had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same quarter last year, the firm posted $0.26 earnings per share. WillScot’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts predict that WillScot will post 1.09 EPS for the current year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. WillScot’s 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.