WillScot Holdings Corporation (NASDAQ:WSC) Stock Has Consensus Target Price of $27.00

Key Points

• Analysts rate WillScot “Hold” overall: Six of ten analysts have a hold rating, compared with three buys and one sell. The consensus 12-month price target is $27.00, above the stock’s reported $17.07 opening price.
• Quarterly results exceeded expectations: WillScot reported $0.28 in EPS versus the $0.25 consensus estimate and revenue of $612.15 million, up 3.9% year over year and above forecasts.
• The company pays a modest dividend: WillScot declared a quarterly dividend of $0.07, equivalent to $0.28 annually and a 1.6% yield, while institutional investors own 95.81% of outstanding shares.

Shares of WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) have earned a consensus rating of "Hold" from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.00.

WSC has been the subject of a number of recent analyst reports. Barclays upped their price objective on WillScot from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of WillScot in a research note on Monday, August 17th. Finally, Citigroup increased their price target on shares of WillScot from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th.

WillScot Price Performance

Shares of WSC stock opened at $17.07 on Friday. The firm's 50 day moving average price is $20.27 and its two-hundred day moving average price is $22.84. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81. WillScot has a 52-week low of $14.91 and a 52-week high of $29.77. The stock has a market cap of $3.09 billion, a PE ratio of -44.92, a PEG ratio of 0.98 and a beta of 1.40.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The company had revenue of $612.15 million during the quarter, compared to analysts' expectations of $585.43 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts forecast that WillScot will post 1.13 EPS for the current year.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were issued a $0.07 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.6%. WillScot's dividend payout ratio (DPR) is -73.68%.

Hedge Funds Weigh In On WillScot

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Douglas Lane & Associates LLC raised its stake in WillScot by 5.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,811,269 shares of the company's stock worth $31,118,000 after buying an additional 92,065 shares during the period. Elevation Wealth Partners LLC raised its position in shares of WillScot by 620.5% during the third quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company's stock worth $30,000 after purchasing an additional 1,514 shares during the period. Tidal Investments LLC lifted its holdings in shares of WillScot by 390.6% during the 2nd quarter. Tidal Investments LLC now owns 129,595 shares of the company's stock valued at $3,740,000 after purchasing an additional 103,178 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of WillScot in the 2nd quarter valued at approximately $332,000. Finally, Nykredit A S bought a new stake in shares of WillScot during the second quarter worth $54,063,000. Institutional investors and hedge funds own 95.81% of the company's stock.

About WillScot

WillScot NASDAQ: WSC is a North American provider of flexible workspace and portable storage solutions. The company supplies modular buildings, mobile offices, classrooms, commercial space and storage units for customers in construction, education, healthcare, government, retail and other industries.

WillScot's services generally include the rental, sale, delivery, installation, relocation and servicing of modular buildings and portable storage products. Its offerings are designed to provide temporary, semi-permanent or expanded space for organizations managing construction projects, renovations, disaster recovery, workforce growth and other changing space requirements.

The company was formed through the combination of WillScot Corporation and Mobile Mini in 2020, bringing together modular workspace and portable storage operations.

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