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

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.3750.

WSC has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup lifted their price objective on shares of WillScot from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley increased their target price on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday. DA Davidson lowered their price target on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Barclays dropped their price target on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th.

WillScot Stock Performance

Shares of NASDAQ WSC opened at $22.17 on Friday. The stock’s fifty day simple moving average is $21.01 and its 200 day simple moving average is $21.33. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -73.90, a PEG ratio of 1.59 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. WillScot has a 52-week low of $14.91 and a 52-week high of $34.31.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

Institutional Investors Weigh In On WillScot

A number of institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of WillScot during the 2nd quarter valued at $125,126,000. T. Rowe Price Investment Management Inc. boosted its position in WillScot by 334.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock valued at $103,988,000 after purchasing an additional 4,250,951 shares during the last quarter. Turtle Creek Asset Management Inc. grew its stake in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares in the last quarter. Primecap Management Co. CA increased its position in WillScot by 210.9% in the 4th quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock worth $80,355,000 after purchasing an additional 2,894,900 shares during the last quarter. Finally, Coliseum Capital Management LLC increased its position in WillScot by 70.7% in the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after purchasing an additional 2,117,247 shares during 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.