Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $26.63

WillScot Holdings Corporation (NASDAQ:WSC) has received an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.75.

A number of research firms have recently issued reports on WSC. Baird R W upgraded WillScot from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. Robert W. Baird set a $22.00 price objective on WillScot and gave the stock an “outperform” rating in a research note on Friday, November 21st. Barclays lowered their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Finally, Morgan Stanley restated an “equal weight” rating and set a $21.00 price target (down from $37.00) on shares of WillScot in a report on Thursday, November 13th.

Institutional Trading of WillScot

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC raised its stake in shares of WillScot by 0.7% during the 2nd quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock worth $1,941,000 after purchasing an additional 515 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after buying an additional 543 shares during the last quarter. Thompson Investment Management Inc. raised its position in WillScot by 3.7% during the second quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $500,000 after acquiring an additional 650 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after acquiring an additional 662 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in WillScot by 0.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after acquiring an additional 714 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Price Performance

NASDAQ WSC opened at $22.06 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. WillScot has a 1 year low of $14.91 and a 1 year high of $39.60. The company has a market cap of $4.01 billion, a PE ratio of 18.23, a PEG ratio of 1.94 and a beta of 1.11. The stock’s 50-day moving average price is $19.43 and its two-hundred day moving average price is $22.86.

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

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued 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 was Wednesday, December 3rd. WillScot’s payout ratio is currently 23.14%.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.