WillScot (NASDAQ:WSC) Raised to Hold at Wall Street Zen

WillScot (NASDAQ:WSC) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

WSC has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Baird R W upgraded shares of WillScot from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. Jefferies Financial Group cut their price objective 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. Barclays decreased their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, Robert W. Baird set a $22.00 price target on shares of WillScot and gave the company an “outperform” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.75.

WillScot Trading Up 0.4%

Shares of NASDAQ:WSC opened at $22.50 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.01 and a beta of 1.11. WillScot has a 12 month low of $14.91 and a 12 month high of $39.60. The company’s fifty day simple moving average is $19.58 and its 200 day simple moving average is $22.74. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39.

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

Hedge Funds Weigh In On WillScot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after buying an additional 6,651 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of WillScot by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after acquiring an additional 8,963 shares during the last quarter. Voya Investment Management LLC raised its stake in WillScot by 24.2% in the 1st quarter. Voya Investment Management LLC now owns 48,125 shares of the company’s stock valued at $1,338,000 after acquiring an additional 9,373 shares during the period. Assenagon Asset Management S.A. acquired a new stake in WillScot during the 2nd quarter valued at $911,000. Finally, GAMMA Investing LLC boosted its position in WillScot by 338.4% during the second quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock worth $112,000 after purchasing an additional 3,157 shares during the period. 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.