WillScot Holdings Corporation (NASDAQ:WSC) Given Consensus Rating of “Hold” by Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.8750.

WSC has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a report on Friday, May 8th. UBS Group initiated coverage on shares of WillScot in a report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 price target on the stock. Citigroup lifted their price objective on shares of WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Robert W. Baird set a $26.00 price objective on shares of WillScot in a research note on Friday, May 8th. Finally, Barclays increased their target price on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th.

WillScot Stock Down 5.2%

NASDAQ:WSC opened at $27.36 on Thursday. WillScot has a 1-year low of $14.91 and a 1-year high of $31.88. The company has a 50-day moving average of $25.81 and a 200 day moving average of $22.07. The firm has a market cap of $4.95 billion, a PE ratio of -72.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.WillScot’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, research analysts anticipate that WillScot will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. WillScot’s dividend payout ratio is presently -73.68%.

Insider Activity at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the completion of the sale, the director owned 414,059 shares of the company’s stock, valued at $10,732,409.28. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 155,781 shares of company stock worth $4,205,113. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its stake in WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after buying an additional 679 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after acquiring an additional 1,238 shares in the last quarter. CWM LLC increased its holdings 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. Danske Bank A S acquired a new position in shares of WillScot during the third quarter valued at about $44,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after purchasing an additional 1,565 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Company Profile

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.