WillScot Holdings Corporation (NASDAQ:WSC) Stock Has Average Price Target of $27.00

WillScot Holdings Corporation (NASDAQ:WSC) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.00.

A number of research analysts have recently commented on WSC shares. Citigroup reduced their price target on shares of WillScot from $30.00 to $21.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Robert W. Baird lowered their price objective on WillScot from $28.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Barclays lifted their price objective on WillScot from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th.

Hedge Funds Weigh In On WillScot

Large investors have recently modified their holdings of the company. Tidal Investments LLC grew its position in WillScot by 390.6% during the second quarter. Tidal Investments LLC now owns 129,595 shares of the company’s stock valued at $3,740,000 after acquiring an additional 103,178 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of WillScot by 494.6% during the fourth quarter. Hsbc Holdings PLC now owns 56,917 shares of the company’s stock worth $1,073,000 after acquiring an additional 47,344 shares in the last quarter. Nykredit A S bought a new stake in shares of WillScot in the 2nd quarter worth approximately $54,063,000. Turtle Creek Asset Management Inc. lifted its holdings in shares of WillScot by 27.3% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 7,870,039 shares of the company’s stock worth $136,624,000 after acquiring an additional 1,686,077 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of WillScot in the 2nd quarter valued at $1,453,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Trading Down 6.4%

NASDAQ WSC opened at $16.19 on Friday. The business’s fifty day moving average is $19.71 and its 200-day moving average is $22.84. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -42.61, a PEG ratio of 1.00 and a beta of 1.40. WillScot has a one year low of $14.91 and a one year high of $29.77.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The firm had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that WillScot will post 1.13 EPS for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.7%. WillScot’s payout ratio is presently -73.68%.

WillScot Company Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and portable storage solutions. The company supplies modular buildings, mobile offices, classrooms, commercial space and storage units for customers in construction, education, healthcare, government, retail and other industries.

WillScot’s services generally include the rental, sale, delivery, installation, relocation and servicing of modular buildings and portable storage products. Its offerings are designed to provide temporary, semi-permanent or expanded space for organizations managing construction projects, renovations, disaster recovery, workforce growth and other changing space requirements.

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