WillScot Holdings Corporation (NASDAQ:WSC) Given Consensus Recommendation of “Hold” by Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has earned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

WSC has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price target (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. UBS Group assumed coverage on shares of WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. DA Davidson reduced their price objective on shares of WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Zacks Research upgraded shares of WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays increased their price target on shares of WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, March 6th.

WillScot Stock Up 6.7%

WSC stock opened at $20.23 on Friday. The business has a 50 day moving average of $19.64 and a 200 day moving average of $20.15. The firm has a market cap of $3.66 billion, a PE ratio of -67.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. WillScot has a twelve month low of $14.91 and a twelve month high of $31.88. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, February 19th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The company had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million. During the same period last year, the firm posted $0.48 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. On average, research analysts forecast that WillScot will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, March 4th. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

Institutional Trading of WillScot

A number of institutional investors and hedge funds have recently modified their holdings of WSC. Salomon & Ludwin LLC raised its stake in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the last quarter. CWM LLC boosted its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after buying an additional 567 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after buying an additional 1,238 shares during the last quarter. Danske Bank A S bought a new stake in WillScot in the 3rd quarter worth about $44,000. Finally, Advisors Asset Management Inc. increased its holdings in WillScot by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

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.