WillScot (NASDAQ:WSC) Trading Down 5.9% – Here’s What Happened

WillScot Holdings Corporation (NASDAQ:WSC) shares dropped 5.9% during mid-day trading on Tuesday . The stock traded as low as $15.41 and last traded at $15.3060. Approximately 1,297,441 shares traded hands during trading, a decline of 51% from the average daily volume of 2,637,287 shares. The stock had previously closed at $16.26.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WSC shares. DA Davidson reduced their price target on shares of WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Barclays dropped their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group reduced their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Three equities 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. According to data from MarketBeat.com, WillScot presently has an average rating of “Hold” and an average price target of $27.50.

WillScot Stock Down 3.9%

The firm’s fifty day moving average is $21.33 and its two-hundred day moving average is $25.17. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.58 and a beta of 1.15. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $566.84 million during the quarter, compared to analyst estimates of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that WillScot Holdings Corporation will post 1.77 EPS for the current fiscal year.

WillScot Dividend Announcement

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

Institutional Trading of WillScot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Keystone Financial Group boosted its holdings in WillScot by 40.6% during the third quarter. Keystone Financial Group now owns 12,396 shares of the company’s stock worth $262,000 after buying an additional 3,579 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of WillScot during the 3rd quarter worth $1,609,000. Turtle Creek Asset Management Inc. raised its position in shares of WillScot by 71.7% during the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after purchasing an additional 3,645,350 shares during the period. Verition Fund Management LLC raised its position in shares of WillScot by 261.6% during the third quarter. Verition Fund Management LLC now owns 337,053 shares of the company’s stock worth $7,115,000 after purchasing an additional 243,834 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of WillScot in the 3rd quarter valued at $302,000. 95.81% of the stock is currently owned by institutional investors.

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.