California Public Employees Retirement System Buys New Stake in WillScot Corp (WSC)
California Public Employees Retirement System purchased a new stake in shares of WillScot Corp (NASDAQ:WSC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 15,468 shares of the company’s stock, valued at approximately $229,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Bank of America Corp DE purchased a new stake in WillScot during the second quarter valued at about $120,000. Strs Ohio purchased a new stake in WillScot during the second quarter valued at about $140,000. FNY Investment Advisers LLC purchased a new stake in WillScot during the second quarter valued at about $146,000. Intrinsic Edge Capital Management LLC purchased a new stake in WillScot during the second quarter valued at about $148,000. Finally, Rhumbline Advisers purchased a new stake in WillScot during the second quarter valued at about $391,000. Institutional investors and hedge funds own 44.53% of the company’s stock.
Several equities analysts have recently commented on WSC shares. Zacks Investment Research downgraded shares of WillScot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Morgan Stanley started coverage on shares of WillScot in a research note on Monday, October 1st. They set an “overweight” rating and a $21.00 price objective for the company. Credit Suisse Group started coverage on shares of WillScot in a research note on Friday, August 17th. They set an “outperform” rating and a $20.00 price objective for the company. Oppenheimer upped their price objective on shares of WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Finally, Deutsche Bank started coverage on shares of WillScot in a research note on Monday, October 1st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.50.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.32). The firm had revenue of $218.90 million for the quarter, compared to the consensus estimate of $204.10 million. WillScot had a negative net margin of 26.49% and a negative return on equity of 9.21%. The firm’s revenue for the quarter was up 88.4% compared to the same quarter last year. On average, equities analysts anticipate that WillScot Corp will post -0.03 earnings per share for the current year.
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WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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