WillScot Holdings Corporation (NASDAQ:WSC) Stock Rated “Hold” by Wall Street Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has been given a consensus rating of “Hold” by the ten brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.86.

Several research firms recently weighed in on WSC. Barclays upped their price target on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. UBS Group lowered their price objective on WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup dropped their target price on WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Robert W. Baird dropped their target price on WillScot from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th.

Institutional Trading of WillScot

Several institutional investors have recently bought and sold shares of WSC. NorthCrest Asset Manangement LLC bought a new stake in WillScot during the 3rd quarter valued at about $174,000. Douglas Lane & Associates LLC lifted its stake in shares of WillScot by 5.4% in the third quarter. Douglas Lane & Associates LLC now owns 1,811,269 shares of the company’s stock worth $31,118,000 after buying an additional 92,065 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of WillScot by 620.5% in the third quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock worth $30,000 after buying an additional 1,514 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of WillScot by 390.6% during the second quarter. Tidal Investments LLC now owns 129,595 shares of the company’s stock valued at $3,740,000 after buying an additional 103,178 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of WillScot during the second quarter valued at approximately $332,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Stock Down 3.1%

WSC traded down $0.50 during midday trading on Friday, reaching $15.88. The company’s stock had a trading volume of 2,773,811 shares, compared to its average volume of 3,035,888. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -41.79, a PEG ratio of 0.95 and a beta of 1.40. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. WillScot has a 1 year low of $14.91 and a 1 year high of $29.77. The stock’s 50-day moving average is $19.35 and its 200-day moving average is $22.79.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $585.43 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts expect that WillScot will post 1.13 EPS for the current year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were paid a $0.07 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. WillScot’s 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.