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

WillScot Holdings Corporation (NASDAQ:WSC) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.8750.

WSC has been the subject of a number of recent analyst reports. 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 for the company. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. DA Davidson reduced their price target on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Zacks Research raised shares of WillScot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley upped their price target on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th.

WillScot Price Performance

Shares of NASDAQ:WSC opened at $28.13 on Friday. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The business has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $21.31. 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 firm has a market cap of $5.09 billion, a price-to-earnings ratio of -74.03, a price-to-earnings-growth ratio of 1.67 and a beta of 1.34.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same quarter in the previous year, the firm earned $0.26 EPS. WillScot’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect that WillScot will post 1.1 earnings per share 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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. WillScot’s dividend payout ratio is presently -73.68%.

Insider Activity at WillScot

In other 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 transaction of $111,896.64. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 155,781 shares of company stock worth $4,205,113. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WillScot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. T. Rowe Price Investment Management Inc. increased its holdings in WillScot by 334.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after acquiring an additional 4,250,951 shares in the last quarter. Turtle Creek Asset Management Inc. increased its holdings in WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after acquiring an additional 3,645,350 shares in the last quarter. Primecap Management Co. CA increased its holdings in WillScot by 210.9% in the 4th quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock worth $80,355,000 after acquiring an additional 2,894,900 shares in the last quarter. Norges Bank purchased a new stake in WillScot in the 4th quarter worth approximately $40,925,000. Finally, Coliseum Capital Management LLC increased its holdings in WillScot by 70.7% in the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after acquiring an additional 2,117,247 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.