WillScot Holdings Corporation (NASDAQ:WSC) Stock Has Average Target Price of $27.00

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $27.00.

WSC has been the subject of several analyst reports. Citigroup raised their price objective on WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Barclays increased their price target on WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th.

Hedge Funds Weigh In On WillScot

A number of institutional investors have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC increased its stake in shares of WillScot by 5.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,811,269 shares of the company’s stock worth $31,118,000 after purchasing an additional 92,065 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in WillScot by 620.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock valued at $30,000 after purchasing an additional 1,514 shares during the last quarter. Tidal Investments LLC grew its holdings in WillScot by 390.6% during the second quarter. Tidal Investments LLC now owns 129,595 shares of the company’s stock worth $3,740,000 after purchasing an additional 103,178 shares during the period. Engineers Gate Manager LP bought a new position in WillScot during the second quarter worth about $332,000. Finally, Nykredit A S bought a new stake in WillScot in the second quarter valued at approximately $54,063,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

NASDAQ WSC opened at $17.07 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. WillScot has a 12-month low of $14.91 and a 12-month high of $29.77. The company has a market capitalization of $3.09 billion, a PE ratio of -44.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. The firm’s 50 day moving average is $20.27 and its 200-day moving average is $22.84.

WillScot (NASDAQ:WSC) last announced its 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 business had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that WillScot will post 1.13 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 2nd. WillScot’s dividend payout ratio is presently -73.68%.

About WillScot

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and portable storage solutions. The company supplies modular buildings, mobile offices, classrooms, commercial space and storage units for customers in construction, education, healthcare, government, retail and other industries.

WillScot’s services generally include the rental, sale, delivery, installation, relocation and servicing of modular buildings and portable storage products. Its offerings are designed to provide temporary, semi-permanent or expanded space for organizations managing construction projects, renovations, disaster recovery, workforce growth and other changing space requirements.

The company was formed through the combination of WillScot Corporation and Mobile Mini in 2020, bringing together modular workspace and portable storage operations.