WillScot’s (WSC) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d+) rating on shares of WillScot (NASDAQ:WSC) in a report released on Friday morning,Weiss Ratings reports.

A number of other equities analysts also recently commented on WSC. Citigroup started coverage on shares of WillScot in a research note on Monday, October 20th. They set a “buy” rating and a $28.00 target price for the company. Barclays lowered their target price on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley lowered their target price on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. DA Davidson lowered their target price on shares of WillScot from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Finally, UBS Group set a $35.00 price objective on shares of WillScot in a research note on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.89.

WillScot Stock Up 1.6%

WillScot stock opened at $22.47 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The stock’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $25.67. The firm has a market capitalization of $4.09 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.00 and a beta of 1.10. WillScot has a twelve month low of $20.08 and a twelve month high of $42.15.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The firm had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. As a group, equities analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot’s dividend payout ratio is 46.67%.

Insider Activity

In other WillScot news, CEO Bradley Lee Soultz bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average price of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the purchase, the chief executive officer owned 418,376 shares of the company’s stock, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president owned 54,038 shares of the company’s stock, valued at $1,330,955.94. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WillScot

Several hedge funds have recently made changes to their positions in WSC. GAMMA Investing LLC boosted its stake in shares of WillScot by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after buying an additional 683 shares during the period. Golden State Wealth Management LLC raised its holdings in WillScot by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company’s stock worth $38,000 after purchasing an additional 1,122 shares in the last quarter. CWM LLC raised its holdings in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after purchasing an additional 827 shares in the last quarter. First Horizon Advisors Inc. raised its holdings 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 in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in WillScot by 22.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares in the last quarter. Institutional investors and hedge funds 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.