Brokerages Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $27.50

WillScot Holdings Corporation (NASDAQ:WSC) has received an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.1250.

WSC has been the topic of a number of recent research reports. 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 target price on WillScot in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Robert W. Baird set a $22.00 price target on WillScot and gave the company an “outperform” rating in a research note on Friday. Finally, DA Davidson cut their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, November 10th.

Hedge Funds Weigh In On WillScot

Hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in WillScot during the first quarter valued at $145,392,000. Norges Bank bought a new position in shares of WillScot in the 2nd quarter worth about $125,126,000. Turtle Creek Asset Management Inc. lifted its stake in shares of WillScot by 71.7% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock valued at $184,298,000 after purchasing an additional 3,645,350 shares during the period. Vanguard Group Inc. boosted its position in shares of WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after purchasing an additional 1,924,653 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of WillScot by 4,964.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock valued at $34,432,000 after purchasing an additional 1,598,863 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Stock Performance

NASDAQ:WSC opened at $17.61 on Wednesday. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $24.89. WillScot has a 1-year low of $14.91 and a 1-year high of $39.81. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. The stock has a market cap of $3.20 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.15.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The business had revenue of $566.84 million for the quarter, compared to the consensus estimate of $583.52 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. WillScot’s payout ratio is 23.14%.

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.