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

WillScot Holdings Corporation (NASDAQ:WSC) has been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $26.25.

A number of analysts have recently issued reports on WSC shares. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lifted their price target on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Morgan Stanley boosted their price target on WillScot from $23.00 to $29.00 and gave the company 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 note on Wednesday, May 20th. Finally, Robert W. Baird set a $26.00 price objective on WillScot in a report on Friday, May 8th.

Insiders Place Their Bets

In related news, Director Bradley Lee Soultz sold 4,317 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $25.92, for a total value of $111,896.64. Following the completion of the sale, the director directly owned 414,059 shares of the company’s stock, valued at $10,732,409.28. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 155,781 shares of company stock valued at $4,205,113 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its holdings in WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares in the last quarter. CWM LLC boosted its holdings in shares of WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares in the last quarter. Parallel Advisors LLC grew its position in shares of WillScot by 149.9% in 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 during the last quarter. Danske Bank A S purchased a new position in shares of WillScot in the 3rd quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. raised its stake in shares of WillScot by 160.4% during the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after acquiring an additional 1,824 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Stock Performance

WillScot stock opened at $24.28 on Monday. 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 firm has a market capitalization of $4.39 billion, a P/E ratio of -63.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.33. WillScot has a 1-year low of $14.91 and a 1-year high of $30.05. The company’s 50-day moving average is $26.78 and its 200 day moving average is $23.04.

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

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 3rd. WillScot’s payout ratio is presently -73.68%.

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.