Analysts Set WillScot Holdings Corporation (NASDAQ:WSC) PT at $26.50

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $26.50.

A number of brokerages have recently issued reports on WSC. Robert W. Baird set a $26.00 price target on WillScot in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Barclays raised their target price on shares of WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Citigroup boosted their price target on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley increased their price target on shares of WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th.

WillScot Stock Down 2.0%

Shares of NASDAQ WSC opened at $20.94 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 3.80. The company has a market cap of $3.79 billion, a P/E ratio of -55.11, a P/E/G ratio of 1.25 and a beta of 1.33. WillScot has a 52 week low of $14.91 and a 52 week high of $29.77. The business has a 50-day simple moving average of $25.50 and a two-hundred day simple moving average of $23.32.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $612.15 million for the quarter, compared to the consensus estimate of $585.43 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts anticipate that WillScot will post 1.12 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.3%. WillScot’s payout ratio is -73.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. increased its position in shares of WillScot by 71.7% during 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 last quarter. California State Teachers Retirement System boosted its stake in WillScot by 2,664.5% in the second quarter. California State Teachers Retirement System now owns 5,878,349 shares of the company’s stock worth $169,649,000 after buying an additional 5,665,711 shares in the last quarter. State Street Corp grew its holdings in shares of WillScot by 1.4% during the 4th quarter. State Street Corp now owns 5,774,998 shares of the company’s stock valued at $108,743,000 after purchasing an additional 80,713 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of WillScot by 334.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,522,450 shares of the company’s stock valued at $103,988,000 after buying an additional 4,250,951 shares during the last quarter. Finally, Capital International Investors grew its position in WillScot by 10.8% during the 4th quarter. Capital International Investors now owns 5,489,528 shares of the company’s stock worth $103,368,000 after acquiring an additional 536,511 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

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.