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

Key Points

• WillScot Holdings Corporation has received an average brokerage recommendation of "Hold" from nine analysts, with six recommending a hold and three a buy, and an average price target of $32.43.
• Recent price target adjustments include Barclays lowering it from $34.00 to $22.00, while DA Davidson reduced their target from $45.00 to $40.00, amidst varying analyst ratings.
• The company recently declared a quarterly dividend of $0.07 per share, resulting in an annual yield of 1.4%, and its dividend payout ratio stands at 46.67%.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been given an average rating of "Hold" by the nine brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.4286.

A number of brokerages recently commented on WSC. Barclays dropped their price target on WillScot from $34.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 24th. DA Davidson dropped their price target on WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Jefferies Financial Group dropped their price target on WillScot from $32.00 to $23.00 and set a "hold" rating for the company in a research note on Monday. Finally, Morgan Stanley dropped their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, August 4th.

WillScot Stock Up 0.7%

Shares of WillScot stock opened at $20.71 on Tuesday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. WillScot has a 52-week low of $20.08 and a 52-week high of $42.15. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 1.84 and a beta of 1.14. The company's 50 day moving average price is $24.77 and its 200-day moving average price is $26.46.

WillScot (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The firm had revenue of $589.08 million during the quarter, compared to the consensus estimate of $587.07 million. During the same quarter in the prior year, the business posted $0.39 EPS. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. Equities research analysts forecast that WillScot will post 1.77 EPS for the current year.

WillScot Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.4%. WillScot's dividend payout ratio (DPR) is currently 46.67%.

Insider Buying and Selling at WillScot

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the transaction, the executive vice president owned 54,038 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Also, CEO Bradley Lee Soultz acquired 3,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of $25.35 per share, with a total value of $76,050.00. Following the transaction, the chief executive officer directly owned 126,817 shares of the company's stock, valued at approximately $3,214,810.95. This trade represents a 2.42% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On WillScot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caxton Associates LLP lifted its position in WillScot by 63.8% during the second quarter. Caxton Associates LLP now owns 49,149 shares of the company's stock valued at $1,347,000 after buying an additional 19,149 shares during the period. Public Sector Pension Investment Board raised its position in shares of WillScot by 6.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 621,808 shares of the company's stock worth $17,038,000 after purchasing an additional 35,846 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of WillScot by 0.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company's stock worth $5,092,000 after purchasing an additional 714 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of WillScot by 52.4% in the 2nd quarter. Corient Private Wealth LLC now owns 40,664 shares of the company's stock worth $1,114,000 after purchasing an additional 13,973 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of WillScot by 50.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 66,599 shares of the company's stock worth $1,825,000 after purchasing an additional 22,304 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

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.

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