Core Viewpoint - Baird downgraded WillScot Holdings Corporation to Neutral from Outperform, citing sluggish rental rates and revenue growth, while raising its price target to $23 from $22 [1] Group 1: Company Performance - WillScot's rental rates and revenue growth are described as "sluggish" according to Baird's research note [1] - A quarterly survey of National Portable Storage Association members indicates a more balanced setup for WillScot as it approaches its initial 2026 guidance, although estimates for 2026 continue to trend lower [1] Group 2: Dividend Information - WillScot offers a quarterly dividend of $0.07 per share, resulting in a dividend yield of 1.39% as of January 29 [2] - The CEO stated that the introduction of a quarterly dividend is a method for the company to return excess capital to shareholders, reflecting the strength of its cash flows and balance sheet [2] - The board plans to regularly review the dividend program with the intention of increasing the payout over time, with dividends expected to be paid on the third Wednesday of the last month of each quarter [3] Group 3: Company Overview - WillScot Holdings Corporation operates as a leading provider of turnkey space solutions in North America, offering products such as modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures [4]