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

WillScot Holdings Corporation (NASDAQ:WSC) has earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.8750.

A number of analysts have commented on WSC shares. Barclays upped their price target on WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup increased their price target on WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, May 11th. UBS Group initiated coverage on WillScot in a research note on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a report on Friday, May 8th. Finally, DA Davidson dropped their target price on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th.

WillScot Stock Down 4.8%

WillScot stock opened at $22.86 on Wednesday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a fifty day moving average of $20.46 and a 200 day moving average of $20.38. The stock has a market cap of $4.13 billion, a PE ratio of -60.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. WillScot has a one year low of $14.91 and a one year high of $31.88.

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

WillScot Dividend Announcement

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

Insider Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 4,317 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the sale, the director directly owned 414,059 shares in the company, valued at approximately $10,732,409.28. This represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 155,781 shares of company stock valued at $4,205,113 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WSC. Turtle Creek Asset Management Inc. lifted its position in WillScot by 27.3% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock worth $136,624,000 after acquiring an additional 1,686,077 shares during the period. Bank of America Corp DE lifted its holdings in shares of WillScot by 8.2% in the 1st quarter. Bank of America Corp DE now owns 1,370,062 shares of the company’s stock valued at $23,784,000 after buying an additional 104,275 shares during the period. Edgestream Partners L.P. acquired a new position in shares of WillScot in the 1st quarter valued at about $1,793,000. RBF Capital LLC acquired a new position in shares of WillScot in the 1st quarter valued at about $1,562,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of WillScot by 16.0% in the 1st quarter. Janus Henderson Group PLC now owns 86,999 shares of the company’s stock valued at $1,511,000 after buying an additional 12,000 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.