Shares of WillScot Holdings Corporation (NASDAQ:WSC – Get Free Report) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.25.
WSC has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Morgan Stanley increased their price objective on shares of WillScot from $23.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup raised their price objective on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, UBS Group started coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price on the stock.
Read Our Latest Research Report on WSC
Insider Activity at WillScot
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of WillScot by 334.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock worth $103,988,000 after buying an additional 4,250,951 shares in the last quarter. Turtle Creek Asset Management Inc. grew its stake in shares of WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after acquiring an additional 3,645,350 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of WillScot by 210.9% in the fourth quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock valued at $80,355,000 after acquiring an additional 2,894,900 shares in the last quarter. Norges Bank bought a new position in WillScot during the fourth quarter worth about $40,925,000. Finally, Coliseum Capital Management LLC increased its position in WillScot by 70.7% during the fourth quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company’s stock worth $96,251,000 after acquiring an additional 2,117,247 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.
WillScot Price Performance
NASDAQ:WSC opened at $26.50 on Monday. The firm has a market capitalization of $4.79 billion, a PE ratio of -69.74, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. The stock has a 50 day moving average of $26.67 and a 200-day moving average of $22.91. WillScot has a 52 week low of $14.91 and a 52 week high of $31.88. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00.
WillScot (NASDAQ:WSC – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts predict that WillScot will post 1.1 EPS for the current year.
WillScot Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 1.1%. WillScot’s dividend payout ratio is currently -73.68%.
WillScot Company Profile
WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.
In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.
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