WillScot (NASDAQ:WSC) Reaches New 52-Week Low - Time to Sell?

Key Points

• WillScot Holdings Corporation (NASDAQ:WSC) hit a new 52-week low of $20.23 during trading, closing at $20.24 with a trading volume of 68,946 shares.
• Analysts have reduced their price targets for WillScot, with Barclays lowering it significantly from $34 to $22, while the average consensus rating remains at Hold.
• The company recently reported earnings of $0.27 per share, which fell short of analysts' expectations by $0.09, and noted a 2.6% decline in revenue compared to the same quarter last year.

WillScot Holdings Corporation (NASDAQ:WSC - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.23 and last traded at $20.24, with a volume of 68946 shares. The stock had previously closed at $20.56.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WSC shares. DA Davidson reduced their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Morgan Stanley cut their price target on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Barclays cut their price target on shares of WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 24th. Finally, Jefferies Financial Group cut their price target on shares of WillScot from $32.00 to $23.00 and set a "hold" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, WillScot currently has a consensus rating of "Hold" and an average price target of $32.43.

WillScot Stock Performance

The stock has a market cap of $3.76 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The business has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $26.53.

WillScot (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 4.66% and a return on equity of 24.83%. The company had revenue of $589.08 million for the quarter, compared to analysts' expectations of $587.07 million. During the same period last year, the company posted $0.39 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. WillScot has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot's payout ratio is currently 46.67%.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz purchased 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the purchase, the chief executive officer directly owned 418,376 shares in the company, valued at $10,396,643.60. This trade represents a 0.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 22,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 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 disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Trading of WillScot

Several hedge funds have recently modified their holdings of the company. Yousif Capital Management LLC boosted its holdings in WillScot by 0.7% in the second quarter. Yousif Capital Management LLC now owns 70,825 shares of the company's stock valued at $1,941,000 after acquiring an additional 515 shares during the last quarter. Fifth Third Bancorp boosted its holdings in WillScot by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after acquiring an additional 516 shares during the last quarter. Xponance Inc. lifted its stake in shares of WillScot by 4.2% during the first quarter. Xponance Inc. now owns 14,101 shares of the company's stock worth $392,000 after purchasing an additional 568 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of WillScot by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 7,533 shares of the company's stock worth $209,000 after purchasing an additional 583 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in shares of WillScot by 3.7% during the second quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company's stock worth $500,000 after purchasing an additional 650 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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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