WillScot Holdings Corporation (NASDAQ:WSC) Given Average Rating of “Hold” by Analysts

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.25.

A number of research firms have recently weighed in on WSC. Barclays upped their target price on shares of WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, May 15th. Citigroup boosted their price objective on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group initiated coverage on shares of WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th.

Insider Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 86,421 shares of WillScot stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total value of $2,332,502.79. Following the completion of the transaction, the director owned 197,595 shares of the company’s stock, valued at $5,333,089.05. The trade was a 30.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 155,781 shares of company stock worth $4,205,113 in the last ninety days. 3.10% of the stock is owned by company insiders.

Institutional Trading of WillScot

Institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its stake in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after buying an additional 679 shares in the last quarter. CWM LLC increased its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock valued at $39,000 after acquiring an additional 567 shares in the last quarter. Parallel Advisors LLC increased its position in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after acquiring an additional 1,238 shares in the last quarter. Danske Bank A S purchased a new position in WillScot in the 3rd quarter worth approximately $44,000. Finally, Advisors Asset Management Inc. raised its holdings in WillScot by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after acquiring an additional 1,824 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Stock Down 2.1%

WSC stock opened at $25.13 on Thursday. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The business’s 50 day moving average price is $26.20 and its two-hundred day moving average price is $22.30. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of -66.13, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The company had revenue of $548.63 million for the quarter, compared to analysts’ expectations of $518.17 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, analysts forecast that WillScot will post 1.1 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. WillScot’s dividend payout ratio is currently -73.68%.

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.