WillScot Holdings Corporation (NASDAQ:WSC) Receives $26.50 Consensus PT from Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $26.50.

Several brokerages have recently weighed in on WSC. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Citigroup increased their target price on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Barclays lifted their price target on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th.

WillScot Trading Down 0.4%

WSC opened at $18.10 on Tuesday. WillScot has a one year low of $14.91 and a one year high of $29.77. The company has a market cap of $3.28 billion, a P/E ratio of -47.63, a PEG ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81. The business’s 50-day simple moving average is $22.70 and its 200-day simple moving average is $22.99.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. As a group, equities research analysts expect that WillScot will post 1.12 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. WillScot’s payout ratio is -73.68%.

Institutional Investors Weigh In On WillScot

A number of institutional investors and hedge funds have recently added to or reduced their stakes 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. Capital International Investors lifted its holdings in shares of WillScot by 10.8% during the fourth quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock worth $103,368,000 after purchasing an additional 536,511 shares during the period. Nykredit A S acquired a new stake in shares of WillScot during the second quarter worth $75,934,000. Dimensional Fund Advisors LP grew its position in WillScot by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock valued at $71,339,000 after buying an additional 404,469 shares during the last quarter. Finally, Norges Bank purchased a new position in WillScot during the 4th quarter worth $40,925,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and storage solutions. The company serves construction, commercial, education, healthcare, government and other organizations that need temporary, relocatable or expandable facilities.

Its offerings include mobile offices, modular buildings, classrooms, portable restrooms, storage containers and other portable structures. WillScot also provides related services such as delivery, installation, relocation, dismantling, site services, furnishings and facility accessories, allowing customers to deploy complete temporary or semi-permanent workspaces.

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