Brokerages Set WillScot Holdings Corporation (NASDAQ:WSC) Price Target at $25.50

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.50.

Several equities analysts have recently commented on the stock. William Blair restated a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Citigroup cut their price objective on WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, March 9th. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Morgan Stanley upped their target price on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th.

Institutional Trading of WillScot

Large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its holdings in shares of WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock valued at $25,000 after purchasing an additional 679 shares in 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 worth $39,000 after purchasing an additional 567 shares in the last quarter. Parallel Advisors LLC increased its position in WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after buying an additional 1,238 shares during the last quarter. Danske Bank A S acquired a new position in WillScot during the third quarter worth $44,000. Finally, Advisors Asset Management Inc. raised its holdings in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after buying an additional 1,824 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Price Performance

Shares of WSC opened at $16.57 on Tuesday. The business’s 50-day moving average is $20.30 and its 200-day moving average is $20.48. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.78. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -55.23, a P/E/G ratio of 1.24 and a beta of 1.08. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $31.88.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $565.97 million for the quarter, compared to analysts’ expectations of $545.34 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts expect that WillScot will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

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.