WillScot (NASDAQ:WSC) Upgraded at Baird R W

Baird R W upgraded shares of WillScot (NASDAQ:WSC) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

Several other brokerages have also issued reports on WSC. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Citigroup initiated coverage on shares of WillScot in a research note on Monday, October 20th. They issued a “buy” rating and a $28.00 target price on the stock. DA Davidson dropped their price target on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group cut their price target on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Finally, UBS Group set a $35.00 price objective on WillScot in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, WillScot currently has an average rating of “Moderate Buy” and a consensus target price of $27.13.

WillScot Trading Up 11.1%

WillScot stock opened at $17.61 on Friday. The business has a 50 day moving average price of $20.76 and a two-hundred day moving average price of $24.87. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. WillScot has a 12 month low of $14.91 and a 12 month high of $39.81. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.WillScot’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that WillScot will post 1.77 EPS for the current year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.07 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. WillScot’s payout ratio is 23.14%.

Institutional Investors Weigh In On WillScot

A number of large investors have recently bought and sold shares of the business. Danske Bank A S bought a new position in WillScot in the 3rd quarter valued at $44,000. CWM LLC increased its stake in shares of WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after buying an additional 827 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after buying an additional 662 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after buying an additional 543 shares during the last quarter. Finally, Quarry LP acquired a new position in WillScot during the 1st quarter worth about $80,000. 95.81% of the stock is currently owned by institutional investors.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.