WillScot Holdings Corporation (NASDAQ:WSC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.6250.

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a report on Monday, September 29th. Barclays lowered their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Citigroup lifted their price objective on WillScot from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of WillScot from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WSC. Royal Bank of Canada increased its holdings in WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after purchasing an additional 6,651 shares during the last quarter. United Services Automobile Association acquired a new position in shares of WillScot during the 1st quarter worth about $312,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of WillScot by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock valued at $20,145,000 after acquiring an additional 8,963 shares during the last quarter. SCS Capital Management LLC acquired a new stake in shares of WillScot in the 1st quarter valued at approximately $696,000. Finally, Plato Investment Management Ltd bought a new position in WillScot during the 1st quarter worth approximately $99,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Performance

Shares of NASDAQ:WSC opened at $21.85 on Thursday. The business has a fifty day moving average of $19.39 and a 200-day moving average of $22.91. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. WillScot has a twelve month low of $14.91 and a twelve month high of $39.60. The firm has a market cap of $3.98 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The firm had revenue of $566.84 million for the quarter, compared to analyst estimates of $583.52 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was down 5.8% on a year-over-year basis. On average, equities research analysts predict 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, December 17th. Shareholders of record on Wednesday, December 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. WillScot’s dividend payout ratio (DPR) is presently 23.14%.

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.