WillScot Holdings Corporation (NASDAQ:WSC) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on WillScot, with seven hold, three buy, and one sell rating among 11 firms. The average 12-month price target is $26.25.
• WillScot exceeded first-quarter expectations, reporting EPS of $0.21 versus the $0.16 estimate and revenue of $548.63 million, though revenue declined 2% year over year.
• An insider sold 86,421 shares worth approximately $2.33 million, while institutional investors own a substantial 95.81% of outstanding shares.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.25.

Several research firms have weighed in on WSC. UBS Group started coverage on WillScot in a research report on Wednesday, April 8th. They set a "neutral" rating and a $19.00 price target for the company. Morgan Stanley upped their price objective on WillScot from $23.00 to $29.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 12th. Wall Street Zen raised WillScot from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Barclays lifted their price objective on WillScot from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Friday, May 15th. Finally, Robert W. Baird set a $26.00 target price on shares of WillScot in a research note on Friday, May 8th.

Insider Buying and Selling at WillScot

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director owned 197,595 shares of the company's stock, valued at $5,333,089.05. This trade represents a 30.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 155,781 shares of company stock worth $4,205,113. Corporate insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On WillScot

A number of large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its position in shares of WillScot by 117.3% in the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company's stock worth $25,000 after purchasing an additional 679 shares during the last quarter. CWM LLC lifted its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company's stock worth $39,000 after purchasing an additional 567 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company's stock worth $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S acquired a new position in WillScot in the third quarter worth about $44,000. Finally, Advisors Asset Management Inc. grew its stake in WillScot by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company's stock worth $56,000 after purchasing an additional 1,824 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Price Performance

Shares of WSC opened at $26.50 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The stock's 50 day moving average is $26.67 and its two-hundred day moving average is $22.91. WillScot has a twelve month low of $14.91 and a twelve month high of $31.88. The firm has a market capitalization of $4.79 billion, a PE ratio of -69.74, a P/E/G ratio of 1.58 and a beta of 1.32.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $548.63 million during the quarter, compared to analysts' expectations of $518.17 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. Research analysts anticipate that WillScot will post 1.1 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 3rd. WillScot's dividend payout ratio is presently -73.68%.

WillScot Company Profile

WillScot NASDAQ: WSC is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.

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