WillScot Holdings Corporation (NASDAQ:WSC) Given Average Rating of "Hold" by Brokerages

Key Points

• Brokerages have assigned a consensus rating of "Hold" to WillScot Holdings Corporation (NASDAQ:WSC), with five analysts recommending a hold and three issuing buy ratings.
• The company's recent quarterly earnings revealed a missed EPS estimate at $0.27, compared to a consensus of $0.36, alongside a revenue decrease of 2.6% year-over-year.
• WillScot has announced a quarterly dividend of $0.07 per share, which will be paid to stockholders on September 17th, representing an annualized yield of 1.1%.

Shares of WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) have been given a consensus recommendation of "Hold" by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $36.00.

Several research analysts have recently weighed in on the stock. William Blair reissued a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley decreased their target price on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, DA Davidson decreased their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, August 1st.

WillScot Trading Down 1.3%

Shares of WSC stock opened at $24.35 on Monday. The company's 50-day moving average price is $28.23 and its 200-day moving average price is $29.32. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.17 and a beta of 1.20. WillScot has a twelve month low of $21.91 and a twelve month high of $42.15.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The firm had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. As a group, equities analysts predict that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's dividend payout ratio is currently 46.67%.

Insider Activity

In other WillScot news, Director Dominick P. Zarcone purchased 10,000 shares of WillScot stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the transaction, the director owned 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bradley Lee Soultz purchased 2,000 shares of WillScot stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the transaction, the chief executive officer directly owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. This represents a 0.48% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 15,000 shares of company stock worth $387,650 in the last three months. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of WillScot

Large investors have recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of WillScot by 444.7% during the first quarter. Amalgamated Bank now owns 56,374 shares of the company's stock worth $1,567,000 after buying an additional 46,024 shares during the period. GAMMA Investing LLC increased its stake in 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 purchasing an additional 683 shares during the last quarter. KBC Group NV increased its stake in WillScot by 16.7% in the first quarter. KBC Group NV now owns 9,166 shares of the company's stock valued at $255,000 after purchasing an additional 1,312 shares during the last quarter. New York State Teachers Retirement System purchased a new position in WillScot in the first quarter valued at approximately $1,148,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in WillScot in the first quarter valued at approximately $10,987,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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