WillScot (NASDAQ:WSC) Sets New 12-Month Low – What’s Next?

WillScot Holdings Corporation (NASDAQ:WSC)’s stock price reached a new 52-week low on Thursday . The company traded as low as $19.89 and last traded at $20.1050, with a volume of 1189883 shares. The stock had previously closed at $20.79.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup assumed coverage on shares of WillScot in a research report on Monday, October 20th. They set a “buy” rating and a $28.00 price objective for the company. Jefferies Financial Group dropped their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a report on Monday, September 29th. Barclays dropped their target price on shares of WillScot from $34.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Finally, UBS Group set a $35.00 target price on shares of WillScot in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.38.

WillScot Price Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 0.81 and a quick ratio of 0.74. The stock’s fifty day moving average is $22.28 and its 200-day moving average is $25.53. The stock has a market cap of $3.59 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15.

Insider Activity

In related news, EVP Hezron T. Lopez sold 22,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total value of $541,860.00. Following the completion of the sale, the executive vice president owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Mraz Amerine & Associates Inc. lifted its position in WillScot by 90.0% in the third quarter. Mraz Amerine & Associates Inc. now owns 65,302 shares of the company’s stock valued at $1,379,000 after buying an additional 30,927 shares during the last quarter. Public Sector Pension Investment Board lifted its position in WillScot by 14.2% in the third quarter. Public Sector Pension Investment Board now owns 710,194 shares of the company’s stock valued at $14,992,000 after buying an additional 88,386 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in WillScot in the third quarter valued at about $2,134,000. Skylands Capital LLC lifted its position in WillScot by 19.5% in the third quarter. Skylands Capital LLC now owns 241,150 shares of the company’s stock valued at $5,091,000 after buying an additional 39,325 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in WillScot by 0.5% in the third quarter. Rhumbline Advisers now owns 422,537 shares of the company’s stock valued at $8,920,000 after buying an additional 1,989 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.