WillScot’s (WSC) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d+) rating on shares of WillScot (NASDAQ:WSC) in a report published on Wednesday morning,Weiss Ratings reports.

WSC has been the topic of several other reports. Morgan Stanley cut their price objective 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. 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, September 29th. UBS Group set a $35.00 price objective on shares of WillScot in a research report on Tuesday, September 30th. Finally, DA Davidson lowered their price objective on shares of WillScot from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WillScot has an average rating of “Hold” and a consensus target price of $32.13.

WillScot Price Performance

Shares of NASDAQ WSC opened at $21.60 on Wednesday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.01 and a beta of 1.10. WillScot has a 52 week low of $20.08 and a 52 week high of $42.15. The company’s 50-day moving average price is $23.24 and its 200 day moving average price is $25.98. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.55.

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

WillScot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. 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 WillScot news, CEO Bradley Lee Soultz acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $25.35 per share, with a total value of $76,050.00. Following the completion of the acquisition, the chief executive officer directly owned 126,817 shares in the company, valued at $3,214,810.95. This trade represents a 2.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the transaction, the executive vice president directly owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WillScot

A number of hedge funds have recently added to or reduced their stakes in WSC. Baillie Gifford & Co. bought a new stake in WillScot in the first quarter valued at $145,392,000. Norges Bank bought a new stake in WillScot in the second quarter valued at $125,126,000. Vanguard Group Inc. lifted its stake in WillScot by 11.7% in the first 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 during the last quarter. HG Vora Capital Management LLC bought a new stake in shares of WillScot during the first quarter valued at about $38,920,000. Finally, River Road Asset Management LLC raised its stake in shares of WillScot by 75.6% during the second quarter. River Road Asset Management LLC now owns 2,873,521 shares of the company’s stock valued at $84,338,000 after purchasing an additional 1,237,097 shares in the last quarter. 95.81% of the stock is currently owned by 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.