WillScot Holdings Corporation (NASDAQ:WSC) Given Consensus Rating of "Moderate Buy" by Analysts

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been given an average rating of "Moderate Buy" by the ten brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $40.63.

Several research firms recently commented on WSC. Morgan Stanley boosted their price objective on shares of WillScot from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Barclays decreased their price objective on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th.

Insider Transactions at WillScot

In other news, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, the chief executive officer directly owned 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On WillScot

Institutional investors have recently bought and sold shares of the stock. Sciencast Management LP grew its stake in WillScot by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares in the last quarter. Fifth Third Bancorp grew its stake in WillScot by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares in the last quarter. Xponance Inc. grew its stake in WillScot by 4.2% during the 1st quarter. Xponance Inc. now owns 14,101 shares of the company's stock valued at $392,000 after acquiring an additional 568 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in WillScot by 8.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock valued at $209,000 after acquiring an additional 583 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Stock Up 0.1%

WillScot stock traded up $0.03 during trading on Thursday, reaching $30.40. The stock had a trading volume of 2,024,392 shares, compared to its average volume of 2,659,499. The stock has a market cap of $5.54 billion, a PE ratio of 337.82, a P/E/G ratio of 1.67 and a beta of 1.24. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 3.56. WillScot has a 52-week low of $21.91 and a 52-week high of $43.80. The business has a 50 day moving average price of $28.25 and a 200 day moving average price of $30.13.

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

WillScot Dividend Announcement

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

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.