WillScot (NASDAQ:WSC) Shares Down 4.3% - Time to Sell?

Key Points

• WillScot shares fell 4.3% to $21.55 in mid-day trading, on volume 63% below the average session level. The stock remains below its 50-day moving average of $25.93 but above its 200-day average of $23.33.
• Analyst sentiment is mixed but leans toward “Hold,” with three Buy, seven Hold and one Sell rating. The consensus price target is $26.50, while recent targets range from $26 to $30.
• WillScot exceeded quarterly expectations, reporting $0.28 in EPS versus $0.25 expected and revenue of $612.15 million, up 3.9% year over year. The company also declared a quarterly dividend of $0.07 per share, representing a 1.3% annualized yield.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report)'s stock price traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as $21.56 and last traded at $21.55. 866,804 shares were traded during mid-day trading, a decline of 63% from the average session volume of 2,331,656 shares. The stock had previously closed at $22.53.

Analysts Set New Price Targets

WSC has been the subject of several recent research reports. Citigroup boosted their price objective on WillScot from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of WillScot from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Morgan Stanley boosted their price target on shares of WillScot from $23.00 to $29.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 12th. Robert W. Baird set a $26.00 price objective on shares of WillScot in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of WillScot in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.50.

WillScot Stock Down 4.3%

The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The stock has a market capitalization of $3.90 billion, a PE ratio of -56.74, a P/E/G ratio of 1.30 and a beta of 1.33. The stock's fifty day simple moving average is $25.93 and its 200-day simple moving average is $23.33.

WillScot (NASDAQ:WSC - Get Free Report) last announced 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 the consensus estimate of $585.43 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that WillScot Holdings Corporation will post 1.12 EPS for the current fiscal year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. WillScot's dividend payout ratio (DPR) is currently -73.68%.

Institutional Trading of WillScot

A number of hedge funds have recently bought and sold shares of WSC. California State Teachers Retirement System increased its position in shares of WillScot by 2,664.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,878,349 shares of the company's stock valued at $169,649,000 after purchasing an additional 5,665,711 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of WillScot by 334.3% in the 4th 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 during the last quarter. Turtle Creek Asset Management Inc. grew its position in WillScot by 71.7% during 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 buying an additional 3,645,350 shares during the period. Primecap Management Co. CA grew its position in WillScot by 210.9% during the fourth quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company's stock valued at $80,355,000 after buying an additional 2,894,900 shares during the period. Finally, Nykredit A S purchased a new stake in WillScot during the second quarter worth about $75,934,000. 95.81% of the stock is currently owned by institutional investors.

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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