WillScot Holdings Corporation (WSC) – What Are Analysts Saying About This Stock?

WillScot Holdings Corporation (NASDAQ:WSC) has earned a consensus rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.11.

Several analysts have recently weighed in on the company. Oppenheimer decreased their price objective on WillScot from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. Citigroup lowered their price objective on WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. Barclays raised their target price on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Finally, Robert W. Baird decreased their price target on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th.

WillScot Stock Down 3.6%

NASDAQ WSC opened at $19.89 on Wednesday. WillScot has a twelve month low of $14.91 and a twelve month high of $29.77. The stock has a market cap of $3.60 billion, a PE ratio of -58.50, a PEG ratio of 1.32 and a beta of 1.37. The firm has a 50-day simple moving average of $17.95 and a 200 day simple moving average of $21.79. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.71 and a current ratio of 0.78.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $601.34 million for the quarter, compared to analyst estimates of $586.11 million. WillScot had a positive return on equity of 22.06% and a negative net margin of 2.60%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that WillScot will post 1.14 EPS for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be paid a $0.07 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. WillScot’s dividend payout ratio is currently -82.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its position in WillScot by 15.5% in the third quarter. Voya Investment Management LLC now owns 33,854 shares of the company’s stock valued at $582,000 after acquiring an additional 4,535 shares during the period. Public Sector Pension Investment Board raised its stake in WillScot by 22.6% during the third quarter. Public Sector Pension Investment Board now owns 1,384,013 shares of the company’s stock worth $23,943,000 after acquiring an additional 254,817 shares in the last quarter. Edgestream Partners L.P. acquired a new position in WillScot during the third quarter worth $1,502,000. Intech Investment Management LLC acquired a new position in WillScot during the third quarter worth $810,000. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of WillScot by 40.7% during the third quarter. Maryland State Retirement & Pension System now owns 48,804 shares of the company’s stock valued at $838,000 after acquiring an additional 14,112 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot

WillScot provides modular space and portable storage solutions for businesses and organizations across North America. Its customers use the company’s offerings for temporary, relocatable, and permanent space needs across industries including construction, commercial and industrial services, education, government, and energy. Its products include modular offices and buildings, portable storage containers, and climate-controlled units. WillScot also offers related services and equipment, such as delivery and installation, furnishings, steps, and ramps, to help customers prepare and operate their spaces.