WillScot Holdings Corporation (NASDAQ:WSC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.63.

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

WillScot Trading Up 1.0%

Shares of WillScot stock opened at $26.21 on Friday. WillScot has a 1 year low of $21.91 and a 1 year high of $43.80. The firm has a market cap of $4.78 billion, a PE ratio of 291.25, a P/E/G ratio of 1.44 and a beta of 1.25. The stock has a fifty day moving average price of $26.68 and a 200-day moving average price of $31.00. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76.

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

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, June 4th. WillScot's payout ratio is presently 311.11%.

Insider Buying and Selling at WillScot

In other WillScot news, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, the chief executive officer now owns 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sciencast Management LP grew its holdings in shares of WillScot by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company's stock worth $1,905,000 after purchasing an additional 491 shares in the last quarter. Fifth Third Bancorp lifted its position in WillScot by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after buying an additional 516 shares during the last quarter. Xponance Inc. lifted its position in WillScot by 4.2% in the 1st quarter. Xponance Inc. now owns 14,101 shares of the company's stock worth $392,000 after buying an additional 568 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in WillScot by 8.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after buying an additional 583 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 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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