WillScot Holdings Corporation (NASDAQ:WSC) Receives Consensus Rating of "Moderate Buy" from Analysts

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.63.

Several equities analysts have commented on the company. William Blair reiterated a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Morgan Stanley raised their price objective on shares of WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Robert W. Baird cut their target price on shares of WillScot from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Oppenheimer decreased their price target on shares of WillScot from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, Barclays dropped their price target on shares of WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th.

WillScot Price Performance

Shares of WillScot stock traded down $0.51 during midday trading on Friday, hitting $27.42. 1,397,245 shares of the company traded hands, compared to its average volume of 2,698,880. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.53 and a beta of 1.25. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. The firm's fifty day moving average price is $26.79 and its 200-day moving average price is $30.83. WillScot has a 12 month low of $21.91 and a 12 month high of $43.80.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). WillScot had a return on equity of 26.28% and a net margin of 0.63%. The company had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same period in the previous year, the firm posted $0.29 EPS. The business's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, June 4th. WillScot's dividend payout ratio is currently 311.11%.

Insider Transactions at WillScot

In other WillScot news, Director Dominick P. Zarcone bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director now directly owns 15,384 shares in the company, valued at approximately $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WillScot

Several institutional investors have recently added to or reduced their stakes in WSC. Sanctuary Advisors LLC increased its stake in shares of WillScot by 13.5% in the 4th quarter. Sanctuary Advisors LLC now owns 18,575 shares of the company's stock valued at $687,000 after acquiring an additional 2,206 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in WillScot by 18.7% in the fourth quarter. Handelsbanken Fonder AB now owns 45,773 shares of the company's stock worth $1,531,000 after purchasing an additional 7,200 shares during the period. TCW Group Inc. increased its stake in WillScot by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after purchasing an additional 7,763 shares in the last quarter. Skylands Capital LLC raised its holdings in shares of WillScot by 33.4% during the fourth quarter. Skylands Capital LLC now owns 137,750 shares of the company's stock valued at $4,608,000 after purchasing an additional 34,475 shares during the period. Finally, Impax Asset Management Group plc acquired a new position in shares of WillScot during the fourth quarter valued at about $7,192,000. 95.81% of the stock is owned by institutional investors and hedge funds.

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.