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

Key Points

• WillScot Holdings Corporation has received a consensus rating of "Hold" from ten analysts, with one sell recommendation, five hold recommendations, and four buy recommendations.
• The average 12-month price target for WillScot shares among brokerages is approximately $30.89, reflecting a decrease in target prices from several analysts.
• The company reported earnings of $0.27 per share for the last quarter, missing analysts' expectations, with revenue down 2.6% year-over-year.

Shares of WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) have earned an average rating of "Hold" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.8889.

A number of equities research analysts have weighed in on WSC shares. Jefferies Financial Group decreased their target price on WillScot from $32.00 to $23.00 and set a "hold" rating for the company in a research report on Monday, September 29th. Barclays decreased their target price on WillScot from $34.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 24th. Robert W. Baird decreased their target price on WillScot from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday. DA Davidson decreased their target price on WillScot from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of WillScot in a research report on Friday.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz purchased 3,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the acquisition, the chief executive officer owned 126,817 shares of the company's stock, valued at $3,214,810.95. The trade was a 2.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the completion of the transaction, the executive vice president owned 54,038 shares in the company, valued at $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. 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 worth $26,000 after buying an additional 683 shares during the last quarter. Golden State Wealth Management LLC grew its stake in WillScot by 428.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after buying an additional 1,122 shares during the last quarter. CWM LLC grew its stake in WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after buying an additional 827 shares during the last quarter. First Horizon Advisors Inc. grew its stake in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company's stock worth $58,000 after buying an additional 662 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in WillScot by 22.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company's stock worth $61,000 after buying an additional 543 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Price Performance

Shares of WSC stock opened at $22.47 on Friday. WillScot has a 52-week low of $20.08 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $4.09 billion, a P/E ratio of 37.45, a P/E/G ratio of 1.97 and a beta of 1.10. The stock has a 50 day moving average price of $22.69 and a 200 day moving average price of $25.65.

WillScot (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.27 earnings per share (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 return on equity of 24.83% and a net margin of 4.66%.WillScot's revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. WillScot has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that WillScot will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. WillScot's 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.

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