WillScot (NASDAQ:WSC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

WillScot Holdings Corporation (NASDAQ:WSC) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $18.32 and traded as high as $18.68. WillScot shares last traded at $18.57, with a volume of 3,189,444 shares.

Analyst Ratings Changes

WSC has been the subject of several research reports. Citigroup dropped their price target on WillScot from $30.00 to $21.00 and set a “buy” rating for the company in a report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Barclays lifted their target price on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Robert W. Baird reduced their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Finally, UBS Group decreased their price target on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.86.

WillScot Price Performance

The company’s fifty day moving average price is $18.32 and its 200 day moving average price is $21.90. The company has a market capitalization of $3.36 billion, a P/E ratio of -48.87, a PEG ratio of 1.04 and a beta of 1.40. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $612.15 million during the quarter, compared to the consensus estimate of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.13 EPS for the current year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 2nd. WillScot’s dividend payout ratio (DPR) is -73.68%.

Institutional Trading of WillScot

Institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in shares of WillScot during the 2nd quarter worth $43,000. Signaturefd LLC increased its position in shares of WillScot by 73.6% in the third quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $30,000 after purchasing an additional 740 shares during the period. Elevation Wealth Partners LLC increased its position in shares of WillScot by 620.5% in the third quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock worth $30,000 after purchasing an additional 1,514 shares during the period. Parallel Advisors LLC increased its position in shares of WillScot by 96.3% in the first quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock worth $70,000 after purchasing an additional 1,987 shares during the period. Finally, Leonteq Securities AG raised its stake in WillScot by 23.1% in the first quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock valued at $78,000 after purchasing an additional 841 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

About WillScot

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.