WillScot Holdings Corporation (NASDAQ:WSC) Given Consensus Rating of “Hold” by Brokerages

WillScot Holdings Corporation (NASDAQ:WSC) has earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.50.

Several equities research analysts have recently weighed in on WSC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Citigroup boosted their target price on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, Barclays upped their price target on shares of WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th.

WillScot Stock Performance

Shares of WSC stock opened at $18.48 on Tuesday. The stock has a market capitalization of $3.35 billion, a PE ratio of -48.63, a PEG ratio of 1.08 and a beta of 1.31. The business’s 50 day simple moving average is $23.46 and its 200 day simple moving average is $23.12. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. WillScot has a one year low of $14.91 and a one year high of $29.77.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million during the quarter, compared to analyst estimates of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. As a group, research analysts forecast that WillScot will post 1.13 earnings per share for the current year.

WillScot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently -73.68%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in WillScot by 11.0% in the second quarter. GAMMA Investing LLC now owns 5,826 shares of the company’s stock worth $168,000 after purchasing an additional 577 shares during the period. Oregon Public Employees Retirement Fund raised its stake in WillScot by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 41,604 shares of the company’s stock worth $783,000 after buying an additional 600 shares during the period. Leonteq Securities AG boosted its holdings in WillScot by 23.1% in the first quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock worth $78,000 after acquiring an additional 841 shares in the last quarter. Empowered Funds LLC increased its position in shares of WillScot by 2.2% during the first quarter. Empowered Funds LLC now owns 61,390 shares of the company’s stock worth $1,066,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in WillScot during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

About WillScot

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and storage solutions. The company serves construction, commercial, education, healthcare, government and other organizations that need temporary, relocatable or expandable facilities.

Its offerings include mobile offices, modular buildings, classrooms, portable restrooms, storage containers and other portable structures. WillScot also provides related services such as delivery, installation, relocation, dismantling, site services, furnishings and facility accessories, allowing customers to deploy complete temporary or semi-permanent workspaces.

The company was formed through the 2020 combination of WillScot Corporation and Mobile Mini, bringing together modular workspace and portable storage operations.