WillScot Holdings Corporation (NASDAQ:WSC) Receives $26.63 Average Target Price from Analysts

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong 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 $26.6250.

A number of equities analysts have issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target (down from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Baird R W upgraded WillScot from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. UBS Group set a $35.00 target price on WillScot in a research note on Tuesday, September 30th. DA Davidson lowered their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new stake in shares of WillScot during the 3rd quarter valued at $44,000. First Horizon Advisors Inc. raised its position in shares of WillScot by 45.1% during the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of WillScot by 130.3% during the third 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. Nisa Investment Advisors LLC boosted its position in shares of WillScot by 22.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after purchasing an additional 543 shares during the period. Finally, Quarry LP purchased a new position in WillScot in the 1st quarter worth about $80,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Stock Up 2.3%

WillScot stock opened at $18.86 on Friday. WillScot has a 52 week low of $14.91 and a 52 week high of $39.60. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.69 and a beta of 1.12. The company’s 50-day moving average price is $20.02 and its two-hundred day moving average price is $23.75. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39.

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

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a yield of 1.5%. WillScot’s dividend payout ratio is currently 23.14%.

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.