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

WillScot Holdings Corporation (NASDAQ:WSC) has earned an average rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.50.

WSC has been the topic of several analyst reports. Wall Street Zen lowered WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Citigroup dropped their price target on WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 9th. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley raised their target price on shares of WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WSC. Salomon & Ludwin LLC boosted its holdings in shares of WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after purchasing an additional 679 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after buying an additional 1,238 shares in the last quarter. CWM LLC raised its holdings in shares of WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares in the last quarter. Danske Bank A S bought a new stake in shares of WillScot during the 3rd quarter worth $44,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after buying an additional 1,565 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Stock Up 6.3%

NASDAQ WSC opened at $18.10 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -60.33, a PEG ratio of 1.24 and a beta of 1.08. The company has a 50 day moving average of $20.74 and a 200-day moving average of $20.67. WillScot has a 1-year low of $14.91 and a 1-year high of $31.88.

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

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

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.