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

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been given an average recommendation of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.8750.

Several equities analysts have commented on WSC shares. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price target (down from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Wall Street Zen cut shares of WillScot from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup boosted their price objective on shares of WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, DA Davidson decreased their target price on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, November 10th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in WillScot by 74.6% during the 2nd quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after buying an additional 117,309 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of WillScot by 2.1% in the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after acquiring an additional 57,946 shares during the period. Van Berkom & Associates Inc. increased its position in WillScot by 26.8% during the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after acquiring an additional 645,246 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in WillScot by 620.3% in the second quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock valued at $1,855,000 after acquiring an additional 58,305 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in WillScot in the second quarter worth about $1,339,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Price Performance

Shares of NASDAQ WSC opened at $22.26 on Monday. WillScot has a 1 year low of $14.91 and a 1 year high of $39.12. The stock has a market capitalization of $4.05 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.02 and a beta of 1.12. The company’s 50-day moving average is $20.53 and its 200 day moving average is $21.81. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts expect that WillScot will post 1.77 earnings per share for the current year.

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.