WillScot (NASDAQ:WSC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of WillScot (NASDAQ:WSC) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other brokerages also recently issued reports on WSC. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Barclays cut their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group reduced their price target on shares of WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. UBS Group set a $35.00 price target on shares of WillScot in a research note on Tuesday, September 30th. Finally, DA Davidson cut their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

WillScot Stock Down 2.2%

NASDAQ WSC opened at $19.30 on Friday. WillScot has a 1 year low of $14.91 and a 1 year high of $39.60. The stock has a market capitalization of $3.51 billion, a PE ratio of 15.95, a PEG ratio of 1.77 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. The business’s 50-day moving average is $19.75 and its 200 day moving average is $23.36.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue was down 5.8% on a year-over-year basis. Sell-side analysts forecast that WillScot will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently 23.14%.

Hedge Funds Weigh In On WillScot

A number of large investors have recently bought and sold shares of WSC. Danske Bank A S bought a new stake in WillScot during the 3rd quarter valued at $44,000. First Horizon Advisors Inc. boosted its position in WillScot by 45.1% during the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after purchasing an additional 1,565 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of WillScot during the first quarter valued at about $80,000. Institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

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.