WillScot (NASDAQ:WSC) Trading Down 4.3% – Should You Sell?

WillScot Holdings Corporation (NASDAQ:WSC) shares dropped 4.3% during mid-day trading on Tuesday . The stock traded as low as $21.56 and last traded at $21.55. 866,804 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 2,331,656 shares. The stock had previously closed at $22.53.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Oppenheimer restated an “outperform” rating and issued a $29.00 price target on shares of WillScot in a research report on Friday, May 8th. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Finally, Morgan Stanley raised their price objective on WillScot from $23.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.50.

WillScot Stock Down 1.7%

The business’s 50 day moving average is $25.66 and its 200 day moving average is $23.33. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -55.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $612.15 million for the quarter, compared to analyst estimates of $585.43 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%.WillScot’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts expect that WillScot Holdings Corporation will post 1.12 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. Stockholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. WillScot’s dividend payout ratio is currently -73.68%.

Institutional Trading of WillScot

Several institutional investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of WillScot by 37.7% during the 4th 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 raised its holdings in shares of WillScot by 149.9% during the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after acquiring an additional 1,238 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of WillScot during the second quarter worth $43,000. Danske Bank A S acquired a new stake in WillScot during the third quarter valued at $44,000. Finally, Advisors Asset Management Inc. boosted its position in WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.