WillScot Holdings Corporation (NASDAQ:WSC) Receives Consensus Recommendation of “Hold” from Analysts

WillScot Holdings Corporation (NASDAQ:WSC) has received an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.1250.

Several brokerages have weighed in on WSC. Barclays cut their price target on WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 24th. UBS Group set a $35.00 target price on shares of WillScot in a research note on Tuesday, September 30th. Jefferies Financial Group lowered their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Morgan Stanley lowered their target price on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, DA Davidson lowered their target price on shares of WillScot from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th.

WillScot Price Performance

Shares of WSC opened at $21.53 on Tuesday. The business’s 50-day moving average is $23.80 and its two-hundred day moving average is $26.15. The company has a market capitalization of $3.92 billion, a P/E ratio of 35.88, a P/E/G ratio of 1.95 and a beta of 1.10. 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 fifty-two week low of $20.08 and a fifty-two week high of $42.15.

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

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. WillScot’s dividend payout ratio is presently 46.67%.

Insider Activity

In other news, EVP Hezron T. Lopez sold 22,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president directly owned 54,038 shares of the company’s stock, valued at $1,330,955.94. This represents a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz bought 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $24.85 per share, for a total transaction of $49,700.00. Following the completion of the purchase, the chief executive officer owned 418,376 shares in the company, valued at approximately $10,396,643.60. This represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in WillScot by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after buying an additional 1,924,653 shares in the last quarter. William Blair Investment Management LLC lifted its stake in WillScot by 3.4% in the 2nd quarter. William Blair Investment Management LLC now owns 5,462,958 shares of the company’s stock valued at $149,685,000 after buying an additional 180,797 shares in the last quarter. Baillie Gifford & Co. purchased a new position in WillScot in the 1st quarter valued at about $145,392,000. Norges Bank purchased a new position in WillScot in the 2nd quarter valued at about $125,126,000. Finally, Geode Capital Management LLC lifted its stake in WillScot by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock valued at $89,829,000 after buying an additional 71,347 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.