WillScot Holdings Corporation (NASDAQ:WSC) Receives $40.63 Average Target Price from Brokerages

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has received an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.63.

A number of brokerages have recently issued reports on WSC. Morgan Stanley increased their target price on WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. William Blair reissued a "market perform" rating on shares of WillScot in a research note on Thursday, May 29th. Finally, Barclays cut their target price on WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th.

Insider Activity at WillScot

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the acquisition, the chief executive officer owned 128,817 shares in the company, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director owned 15,384 shares in the company, valued at $402,906.96. The trade was a 185.74% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On WillScot

A number of large investors have recently bought and sold shares of WSC. Proficio Capital Partners LLC acquired a new stake in shares of WillScot during the fourth quarter worth $432,000. Raymond James Financial Inc. acquired a new stake in shares of WillScot during the fourth quarter worth $8,294,000. Avantax Advisory Services Inc. acquired a new stake in shares of WillScot during the fourth quarter worth $232,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of WillScot during the fourth quarter worth $297,000. Finally, Swiss National Bank boosted its holdings in shares of WillScot by 0.4% during the fourth quarter. Swiss National Bank now owns 370,793 shares of the company's stock worth $12,403,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Performance

WSC traded up $0.71 on Thursday, hitting $30.37. 1,454,701 shares of the company traded hands, compared to its average volume of 2,662,081. The company has a 50 day moving average of $28.13 and a 200-day moving average of $30.19. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. The stock has a market capitalization of $5.54 billion, a PE ratio of 19.77, a PEG ratio of 1.63 and a beta of 1.24. WillScot has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to analysts' expectations of $555.51 million. WillScot had a net margin of 0.63% and a return on equity of 26.28%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. Sell-side analysts anticipate that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's payout ratio is currently 311.11%.

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.