WillScot Holdings Corporation (NASDAQ:WSC) Receives Average Rating of “Hold” from Analysts

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.50.

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Monday. Citigroup raised their price target on WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Barclays lifted their target price on shares of WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 10th.

Hedge Funds Weigh In On WillScot

A number of hedge funds and other institutional investors have recently made changes to their positions in WSC. Jefferies Financial Group Inc. acquired a new position in shares of WillScot during the 4th quarter worth $757,000. Hsbc Holdings PLC lifted its position in shares of WillScot by 494.6% during the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock valued at $1,073,000 after acquiring an additional 47,344 shares during the period. Mraz Amerine & Associates Inc. boosted its stake in shares of WillScot by 65.7% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock worth $2,038,000 after acquiring an additional 42,915 shares in the last quarter. Clearline Capital LP boosted its stake in shares of WillScot by 79.4% during the 4th quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock worth $3,030,000 after acquiring an additional 71,251 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in shares of WillScot by 4.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock worth $59,820,000 after acquiring an additional 122,229 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Stock Down 2.7%

Shares of NASDAQ:WSC opened at $22.00 on Friday. The firm has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $23.30. WillScot has a twelve month low of $14.91 and a twelve month high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $3.99 billion, a PE ratio of -57.89, a P/E/G ratio of 1.32 and a beta of 1.33.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. During the same period last year, the business earned $0.27 EPS. WillScot’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that WillScot will post 1.12 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. WillScot’s dividend payout ratio is presently -73.68%.

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.