WillScot Holdings Corporation (NASDAQ:WSC) Receives Average Recommendation of “Hold” from Brokerages

WillScot Holdings Corporation (NASDAQ:WSC) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $26.8750.

Several equities research analysts have weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price (down from $37.00) on shares of WillScot in a research report on Thursday, November 13th. DA Davidson cut their price target on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Citigroup upped their target price on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th.

WillScot Trading Down 0.8%

Shares of WSC stock opened at $20.03 on Monday. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $39.12. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a 50 day simple moving average of $20.38 and a two-hundred day simple moving average of $22.14. The company has a market cap of $3.64 billion, a P/E ratio of 16.55, a PEG ratio of 1.82 and a beta of 1.12.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Research analysts forecast that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is 23.14%.

Institutional Investors Weigh In On WillScot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC increased its stake in WillScot by 0.7% during the 2nd quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock valued at $1,941,000 after purchasing an additional 515 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of WillScot by 22.9% during 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. CWM LLC increased its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares in the last quarter. Thompson Investment Management Inc. raised its holdings in WillScot by 3.7% in the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after acquiring an additional 650 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after acquiring an additional 662 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.