WillScot (NASDAQ:WSC) Stock Price Down 13.3% – Here’s What Happened

WillScot Holdings Corporation (NASDAQ:WSC)’s stock price dropped 13.3% during trading on Friday . The stock traded as low as $17.50 and last traded at $16.9490. Approximately 454,145 shares traded hands during trading, a decline of 82% from the average daily volume of 2,534,930 shares. The stock had previously closed at $19.55.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WSC shares. Barclays reduced their price target on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, September 24th. Citigroup began coverage on WillScot in a research report on Monday, October 20th. They set a “buy” rating and a $28.00 target price on the stock. Robert W. Baird lowered their price target on WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. UBS Group set a $35.00 price objective on WillScot in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group decreased their price objective on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.38.

WillScot Trading Down 6.5%

The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The business’s 50 day simple moving average is $22.06 and its 200 day simple moving average is $25.48. The stock has a market cap of $3.33 billion, a P/E ratio of 15.10, a PEG ratio of 1.63 and a beta of 1.15.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a return on equity of 23.30% and a net margin of 9.64%.WillScot’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. WillScot’s dividend payout ratio is presently 46.67%.

Insider Activity

In related news, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. This trade represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Trading of WillScot

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after buying an additional 683 shares in the last quarter. FORA Capital LLC acquired a new position in WillScot during the 1st quarter worth $383,000. Vanguard Group Inc. boosted its position in WillScot by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after buying an additional 1,924,653 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of WillScot in the 1st quarter valued at $145,392,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of WillScot in the 1st quarter valued at $752,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Company Profile

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.