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

Key Points

• WillScot Holdings Corporation has received an average recommendation of "Hold" from eight brokerages, with five holding and three buying the stock; the average 12-month target price is $36.00.
• Director Dominick P. Zarcone bought 10,000 shares at a cost of $26.19 each, increasing his position by 185.74%, while EVP Hezron T. Lopez sold 22,000 shares at an average price of $24.63.
• The company reported $0.27 earnings per share for the last quarter, missing expectations, with a net margin of 4.66% and a revenue decline of 2.6% year-over-year.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.00.

WSC has been the topic of several analyst reports. William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. DA Davidson decreased their price objective on WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Morgan Stanley decreased their price objective on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th.

Insider Transactions at WillScot

In related news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone bought 10,000 shares of WillScot stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the acquisition, the director directly owned 15,384 shares of the company's stock, valued at $402,906.96. The trade was a 185.74% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 15,000 shares of company stock worth $387,650 over the last quarter. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after purchasing an additional 683 shares during the period. State of Wyoming purchased a new position in WillScot in the fourth quarter valued at about $34,000. Golden State Wealth Management LLC raised its position in WillScot by 428.2% in the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after purchasing an additional 1,122 shares during the period. CWM LLC raised its position in WillScot by 89.9% in the first quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after purchasing an additional 827 shares during the period. Finally, First Horizon Advisors Inc. raised its position in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company's stock valued at $58,000 after purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Price Performance

Shares of WSC traded down $0.51 on Friday, reaching $23.20. The stock had a trading volume of 2,226,414 shares, compared to its average volume of 2,631,304. WillScot has a twelve month low of $21.91 and a twelve month high of $42.15. The firm has a market capitalization of $4.22 billion, a PE ratio of 38.67, a PEG ratio of 2.12 and a beta of 1.14. The firm has a 50-day moving average of $26.92 and a 200 day moving average of $27.39. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.55.

WillScot (NASDAQ:WSC - Get Free Report) last announced its 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 company had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a net margin of 4.66% and a return on equity of 24.83%. WillScot's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. WillScot has set its FY 2025 guidance at EPS. Sell-side analysts expect that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders 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 annualized dividend and a dividend yield of 1.2%. WillScot's dividend payout ratio (DPR) is 46.67%.

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.