WillScot (NASDAQ:WSC) Stock Price Up 5.8% – What’s Next?

WillScot Holdings Corporation (NASDAQ:WSC) shares shot up 5.8% during mid-day trading on Thursday . The company traded as high as $16.00 and last traded at $15.8550. 4,401,086 shares were traded during mid-day trading, an increase of 63% from the average session volume of 2,692,354 shares. The stock had previously closed at $14.98.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays lowered their price target on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Jefferies Financial Group dropped their target price on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, September 29th. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Finally, Robert W. Baird cut their target price on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WillScot has an average rating of “Hold” and an average target price of $27.50.

WillScot Price Performance

The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.38 and a beta of 1.15. The stock’s 50 day simple moving average is $21.02 and its 200-day simple moving average is $25.02.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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%. WillScot’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 3rd. WillScot’s dividend payout ratio (DPR) is presently 23.14%.

Hedge Funds Weigh In On WillScot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new stake in shares of WillScot during the 3rd quarter worth $44,000. CWM LLC boosted its holdings in WillScot by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after acquiring an additional 827 shares during the period. First Horizon Advisors Inc. grew its position in shares of 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 purchasing an additional 662 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 543 shares during the period. Finally, Quarry LP acquired a new position in shares of WillScot during the 1st quarter worth about $80,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Company Profile

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.