WillScot Holdings Corporation (NASDAQ:WSC) Receives Consensus Rating 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 $26.50.
• WillScot reported quarterly EPS of $0.28, exceeding estimates of $0.25, while revenue reached $612.15 million and rose 3.9% year over year.
• Shares opened at $22.00, down 2.7%, while institutional investors own 95.81% of the stock. The company also declared a quarterly dividend of $0.07, representing a 1.3% annualized yield.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

WSC has been the topic of several research reports. Wall Street Zen raised shares of WillScot from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Citigroup increased their price objective on WillScot from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of WillScot in a report on Monday. Oppenheimer reissued an "outperform" rating and set a $29.00 target price on shares of WillScot in a research note on Friday, May 8th. Finally, Morgan Stanley upped their price target on WillScot from $23.00 to $29.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSC. Turtle Creek Asset Management Inc. lifted its position in shares of WillScot by 71.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company's stock worth $184,298,000 after purchasing an additional 3,645,350 shares during the last quarter. State Street Corp raised its stake in WillScot by 1.4% in the fourth quarter. State Street Corp now owns 5,774,998 shares of the company's stock valued at $108,743,000 after buying an additional 80,713 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in WillScot by 334.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company's stock valued at $103,988,000 after buying an additional 4,250,951 shares in the last quarter. Capital International Investors lifted its holdings in WillScot by 10.8% during the 4th quarter. Capital International Investors now owns 5,489,528 shares of the company's stock worth $103,368,000 after buying an additional 536,511 shares during the last quarter. Finally, Coliseum Capital Management LLC boosted its position in shares of WillScot by 70.7% during the 4th quarter. Coliseum Capital Management LLC now owns 5,111,602 shares of the company's stock worth $96,251,000 after acquiring an additional 2,117,247 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Stock Down 2.7%

Shares of NASDAQ WSC opened at $22.00 on Friday. The company has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $23.30. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $3.99 billion, a P/E ratio of -57.89, a P/E/G ratio of 1.32 and a beta of 1.33. WillScot has a 1 year low of $14.91 and a 1 year high of $29.77.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The business's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, equities research analysts predict that WillScot will post 1.12 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot's dividend payout ratio (DPR) is -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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