WillScot (NASDAQ:WSC) Trading 5.8% Higher – Should You Buy?

WillScot Holdings Corporation (NASDAQ:WSC) shares were up 5.8% during trading on Thursday . The stock traded as high as $16.00 and last traded at $15.8550. Approximately 4,401,086 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 2,692,354 shares. The stock had previously closed at $14.98.

Analyst Ratings Changes

A number of equities analysts have issued reports on WSC shares. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Citigroup assumed coverage on WillScot in a research report on Monday, October 20th. They issued a “buy” rating and a $28.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Robert W. Baird set a $22.00 price target on shares of WillScot and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group set a $35.00 price objective on shares of WillScot in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WillScot has an average rating of “Moderate Buy” and an average price target of $27.13.

WillScot Stock Performance

The stock has a market capitalization of $3.20 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.42 and a beta of 1.15. The stock has a 50 day simple moving average of $20.76 and a two-hundred day simple moving average of $24.89. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. WillScot’s dividend payout ratio is presently 23.14%.

Hedge Funds Weigh In On WillScot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC raised its stake in WillScot by 0.7% in the second quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock valued at $1,941,000 after buying an additional 515 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after acquiring an additional 543 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company’s stock valued at $209,000 after acquiring an additional 583 shares during the period. Thompson Investment Management Inc. lifted its holdings in WillScot by 3.7% during the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $500,000 after purchasing an additional 650 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in WillScot by 45.1% during the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.