WillScot Holdings Corporation (NASDAQ:WSC) Given Average Rating of “Hold” by Brokerages

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

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group initiated coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target for the company. Morgan Stanley upped their price target on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Citigroup raised their target price on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Robert W. Baird set a $26.00 price objective on WillScot in a report on Friday, May 8th.

Insider Activity at WillScot

In related news, Director Bradley Lee Soultz sold 86,421 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total value of $2,332,502.79. Following the completion of the sale, the director owned 197,595 shares of the company’s stock, valued at $5,333,089.05. This represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 155,781 shares of company stock worth $4,205,113 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of WillScot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new stake in shares of WillScot during the fourth quarter valued at approximately $757,000. Assenagon Asset Management S.A. purchased a new stake in shares of WillScot in the fourth quarter worth approximately $13,862,000. Van Berkom & Associates Inc. boosted its stake in shares of WillScot by 4.0% during the 4th quarter. Van Berkom & Associates Inc. now owns 3,176,865 shares of the company’s stock valued at $59,820,000 after buying an additional 122,229 shares during the period. Victory Capital Management Inc. raised its stake in shares of WillScot by 4,964.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock worth $34,432,000 after purchasing an additional 1,598,863 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its position in WillScot by 65.7% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock valued at $2,038,000 after acquiring an additional 42,915 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Stock Down 1.2%

WSC stock opened at $26.17 on Thursday. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.79 and a quick ratio of 0.72. The company’s 50 day simple moving average is $26.09 and its 200-day simple moving average is $22.21. WillScot has a 12 month low of $14.91 and a 12 month high of $31.88. The firm has a market capitalization of $4.73 billion, a PE ratio of -68.88, a P/E/G ratio of 1.59 and a beta of 1.32.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $548.63 million for 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 company earned $0.26 EPS. Equities analysts expect that WillScot will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.07 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 1.1%. WillScot’s dividend payout ratio is -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.