WillScot Holdings Corporation (NASDAQ:WSC) Receives Average Rating of “Hold” from Brokerages

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

A number of brokerages have commented on WSC. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Barclays increased their price objective on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Citigroup raised their price objective on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Finally, UBS Group initiated coverage on WillScot in a research report on Wednesday, April 8th. They issued a “neutral” rating and a $19.00 target price on the stock.

WillScot Trading Down 5.2%

NASDAQ WSC opened at $27.36 on Thursday. WillScot has a 12-month low of $14.91 and a 12-month high of $31.88. The company has a fifty day simple moving average of $25.81 and a two-hundred day simple moving average of $22.07. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The stock has a market cap of $4.95 billion, a P/E ratio of -72.00, a P/E/G ratio of 1.72 and a beta of 1.31.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same period in the previous year, the company earned $0.26 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that WillScot will post 1.1 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, June 3rd. WillScot’s payout ratio is presently -73.68%.

Insider Buying and Selling

In other news, Director Bradley Lee Soultz sold 4,317 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were 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 of the company’s stock, valued at $10,732,409.28. This represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 155,781 shares of company stock worth $4,205,113. Insiders own 3.10% of the company’s stock.

Institutional Trading of WillScot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC raised its holdings in shares of WillScot by 117.3% during 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 during the last quarter. CWM LLC boosted its holdings in WillScot by 37.7% in the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC boosted its holdings in WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new stake in WillScot in the third quarter valued at $44,000. Finally, Advisors Asset Management Inc. grew its position in 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 purchasing an additional 1,824 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.