WillScot (NASDAQ:WSC) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

WillScot Holdings Corporation (NASDAQ:WSC)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $18.32 and traded as high as $18.68. WillScot shares last traded at $18.57, with a volume of 3,189,444 shares traded.

Wall Street Analyst Weigh In

WSC has been the topic of a number of analyst reports. Barclays upped their price target on WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. UBS Group cut their price objective on WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Robert W. Baird reduced their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Citigroup reduced their target price on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, WillScot currently has an average rating of “Hold” and an average price target of $24.86.

WillScot Trading Down 1.2%

The business has a 50 day simple moving average of $18.24 and a 200 day simple moving average of $21.88. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -48.26, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that WillScot Holdings Corporation will post 1.13 EPS for the current year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 2nd. WillScot’s payout ratio is -73.68%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in WillScot by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 5,826 shares of the company’s stock worth $168,000 after buying an additional 577 shares in the last quarter. Signaturefd LLC boosted its stake in shares of WillScot by 73.6% during the 3rd quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $30,000 after buying an additional 740 shares during the last quarter. Leonteq Securities AG grew its holdings in shares of WillScot by 23.1% in the 1st quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock valued at $78,000 after acquiring an additional 841 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of WillScot by 2.2% in the 1st quarter. Empowered Funds LLC now owns 61,390 shares of the company’s stock valued at $1,066,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of WillScot by 11.8% in the 3rd quarter. Choreo LLC now owns 13,676 shares of the company’s stock valued at $235,000 after acquiring an additional 1,442 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Company Profile

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.