WillScot Holdings Corporation (WSC) – What Are Investment Firms Saying About This Stock?

WillScot Holdings Corporation (NASDAQ:WSC – Get Free Report) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.86.

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

Read Our Latest Research Report on WillScot

WillScot Price Performance

WSC stock opened at $19.59 on Wednesday. WillScot has a 52 week low of $14.91 and a 52 week high of $29.77. The firm has a market capitalization of $3.55 billion, a P/E ratio of -51.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a fifty day simple moving average of $18.13 and a two-hundred day simple moving average of $21.86. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80.

WillScot (NASDAQ:WSC – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Analysts anticipate that WillScot will post 1.13 earnings per share for the current fiscal year.

WillScot Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in shares of WillScot in the second quarter valued at $43,000. Signaturefd LLC lifted its holdings in shares of WillScot by 73.6% in the 3rd quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $30,000 after acquiring an additional 740 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of WillScot by 620.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock worth $30,000 after acquiring an additional 1,514 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of WillScot by 96.3% during the 1st quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock worth $70,000 after purchasing an additional 1,987 shares during the period. Finally, Leonteq Securities AG boosted its stake in shares of WillScot by 23.1% during the 1st quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock worth $78,000 after purchasing an additional 841 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot

(Get Free Report)

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.

Further Reading

Analyst Recommendations for WillScot (NASDAQ:WSC)

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