WillScot Holdings Corporation (NASDAQ:WSC) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.86.

WSC has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Citigroup lowered their price target on WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Barclays upped their price target on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Robert W. Baird dropped their price target on WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, UBS Group cut their price objective on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, October 16th.

WillScot Stock Up 1.7%

WSC opened at $19.59 on Wednesday. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -51.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81. The firm’s fifty day moving average is $18.13 and its 200 day moving average is $21.86. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $29.77.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The business had revenue of $612.15 million during the quarter, compared to analyst estimates of $585.43 million. During the same quarter in the prior year, the business posted $0.27 EPS. WillScot’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot will post 1.13 earnings per share for the current fiscal year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. WillScot’s dividend payout ratio is currently -73.68%.

Hedge Funds Weigh In On WillScot

Several institutional investors have recently bought and sold shares of WSC. Nykredit A S bought a new position in WillScot during the second quarter valued at approximately $75,934,000. Turtle Creek Asset Management Inc. increased its stake in WillScot by 27.3% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock worth $136,624,000 after acquiring an additional 1,686,077 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in WillScot in the 2nd quarter worth approximately $38,500,000. Ranger Investment Management L.P. purchased a new stake in shares of WillScot during the 2nd quarter worth approximately $24,082,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of WillScot by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,110,002 shares of the company’s stock worth $71,339,000 after acquiring an additional 404,469 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.