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

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.50.

A number of analysts have weighed in on the stock. Citigroup raised 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. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. Finally, Barclays raised their price objective on WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 10th.

Institutional Trading of WillScot

Several hedge funds and other institutional investors have recently made changes to their positions in WSC. Jefferies Financial Group Inc. bought a new stake in shares of WillScot in the fourth quarter worth $757,000. Hsbc Holdings PLC raised its position in WillScot by 494.6% during the 4th quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after purchasing an additional 47,344 shares during the last quarter. Turtle Creek Asset Management Inc. raised 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 purchasing an additional 1,686,077 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its holdings in WillScot by 65.7% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock worth $2,038,000 after buying an additional 42,915 shares during the period. Finally, Clearline Capital LP lifted its holdings in WillScot by 79.4% during the 4th quarter. Clearline Capital LP now owns 160,940 shares of the company’s stock worth $3,030,000 after buying an additional 71,251 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Down 1.0%

WSC stock opened at $18.48 on Tuesday. The firm has a 50-day moving average price of $23.46 and a 200-day moving average price of $23.12. WillScot has a 12 month low of $14.91 and a 12 month high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The stock has a market capitalization of $3.35 billion, a P/E ratio of -48.63, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts anticipate that WillScot will post 1.13 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

About WillScot

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.