WillScot Holdings Corporation (NASDAQ:WSC) Receives $25.88 Average PT from Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat 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 1 year price target among analysts that have issued a report on the stock in the last year is $25.8750.

A number of equities research analysts have recently weighed in on WSC shares. Oppenheimer reissued an “outperform” rating and set a $29.00 price objective on shares of WillScot in a report on Friday, May 8th. William Blair reissued a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Barclays boosted their price objective on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Citigroup boosted their price objective on shares of WillScot from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Robert W. Baird set a $26.00 price objective on shares of WillScot in a report on Friday, May 8th.

Insider Buying and Selling

In related news, Director Bradley Lee Soultz sold 4,317 shares of the company’s 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 owned 414,059 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 155,781 shares of company stock valued at $4,205,113 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WillScot

A number of large investors have recently bought and sold shares of the company. Turtle Creek Asset Management Inc. boosted its position in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after buying an additional 3,645,350 shares during the last quarter. State Street Corp boosted its holdings in WillScot by 1.4% in the fourth quarter. State Street Corp now owns 5,774,998 shares of the company’s stock valued at $108,743,000 after purchasing an additional 80,713 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in WillScot by 334.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock valued at $103,988,000 after purchasing an additional 4,250,951 shares during the last quarter. Capital International Investors boosted its holdings in WillScot by 10.8% in the fourth quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock valued at $103,368,000 after purchasing an additional 536,511 shares during the last quarter. Finally, Coliseum Capital Management LLC boosted its holdings in WillScot by 70.7% in the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock valued at $96,251,000 after purchasing an additional 2,117,247 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

NASDAQ WSC opened at $27.41 on Friday. The firm’s fifty day simple moving average is $23.09 and its two-hundred day simple moving average is $21.26. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. WillScot has a 12-month low of $14.91 and a 12-month high of $31.88. The firm has a market capitalization of $4.96 billion, a P/E ratio of -72.13, a P/E/G ratio of 1.57 and a beta of 1.34.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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 revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that WillScot will post 1.1 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. WillScot’s dividend payout ratio is currently -73.68%.

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.