Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $36.00

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 assigned an average rating of "Hold" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.00.

A number of research firms have commented on WSC. Morgan Stanley lowered their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. William Blair reiterated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, DA Davidson reduced their target price on WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, August 1st.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz purchased 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $25.35 per share, for a total transaction of $76,050.00. Following the purchase, the chief executive officer directly owned 126,817 shares of the company's stock, valued at approximately $3,214,810.95. This represents a 2.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dominick P. Zarcone purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the purchase, the director directly owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,000 shares of company stock worth $387,650 in the last quarter. Company insiders own 3.10% of the company's stock.

Institutional Trading of WillScot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $215,000. Cubist Systematic Strategies LLC purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $8,424,000. BNP Paribas Financial Markets grew its stake in shares of WillScot by 2,136.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 238,381 shares of the company's stock worth $6,532,000 after buying an additional 227,723 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of WillScot in the 2nd quarter worth approximately $2,093,000. Finally, Quantinno Capital Management LP boosted its stake in WillScot by 80.2% during the 2nd quarter. Quantinno Capital Management LP now owns 18,707 shares of the company's stock valued at $513,000 after purchasing an additional 8,327 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Trading Down 1.8%

WSC traded down $0.44 during midday trading on Monday, reaching $24.22. 272,744 shares of the company's stock traded hands, compared to its average volume of 2,675,215. The firm has a fifty day moving average of $28.01 and a two-hundred day moving average of $29.06. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 2.28 and a beta of 1.20. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. WillScot has a 52 week low of $21.91 and a 52 week high of $42.15.

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

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. WillScot's dividend payout ratio is 46.67%.

About WillScot

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.