WillScot Holdings Corporation (NASDAQ:WSC) Receives $25.63 Consensus PT from Analysts

Shares of WillScot Holdings Corporation (NASDAQ:WSC) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $25.8750.

Several equities research analysts have commented on WSC shares. William Blair reiterated a “market perform” rating on shares of WillScot in a research note on Thursday, March 5th. Barclays boosted their price objective on WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup boosted their target price on WillScot from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Robert W. Baird set a $26.00 target price on WillScot in a report on Friday, May 8th. Finally, UBS Group initiated coverage on WillScot in a report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 target price on the stock.

Insider Buying and Selling at WillScot

In other news, Director Bradley Lee Soultz sold 86,421 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the transaction, the director directly owned 197,595 shares in the company, valued at $5,333,089.05. The trade was a 30.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 155,781 shares of company stock worth $4,205,113. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Royal Bank of Canada boosted its holdings in shares of WillScot by 24.6% during the 1st quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock worth $936,000 after purchasing an additional 6,651 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of WillScot by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after purchasing an additional 8,963 shares during the last quarter. Creative Planning boosted its holdings in shares of WillScot by 6.9% during the 2nd quarter. Creative Planning now owns 15,814 shares of the company’s stock worth $433,000 after purchasing an additional 1,024 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of WillScot by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock worth $1,282,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in WillScot by 48.8% in the second quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock valued at $320,000 after acquiring an additional 3,827 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Price Performance

NASDAQ:WSC opened at $24.48 on Wednesday. WillScot has a 12 month low of $14.91 and a 12 month high of $31.88. The stock has a 50 day moving average of $20.31 and a two-hundred day moving average of $20.37. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 4.00. The firm has a market cap of $4.43 billion, a P/E ratio of -64.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31.

WillScot (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company had revenue of $548.63 million during the quarter, compared to analyst estimates of $518.17 million. During the same period in the previous year, the business earned $0.26 EPS. WillScot’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts expect 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 will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, June 3rd. WillScot’s 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.