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

Wall Street Zen upgraded shares of WillScot (NASDAQ:WSC) from a sell rating to a hold rating in a report released on Sunday.

Other equities analysts also recently issued research reports about the company. Barclays dropped their price target on WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 target price (down from $37.00) on shares of WillScot in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Citigroup upped their price target on shares of WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Robert W. Baird reissued a “neutral” rating and set a $23.00 price objective (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.88.

WillScot Price Performance

Shares of WSC stock opened at $21.62 on Friday. The company has a market capitalization of $3.93 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.96 and a beta of 1.12. The company’s 50-day simple moving average is $20.64 and its two-hundred day simple moving average is $21.48. WillScot has a one year low of $14.91 and a one year high of $39.12. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72.

Hedge Funds Weigh In On WillScot

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in WillScot during the 2nd quarter worth $125,126,000. Turtle Creek Asset Management Inc. boosted its holdings in WillScot by 71.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 8,730,347 shares of the company’s stock worth $184,298,000 after acquiring an additional 3,645,350 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of WillScot by 210.9% during the fourth quarter. Primecap Management Co. CA now owns 4,267,400 shares of the company’s stock worth $80,355,000 after acquiring an additional 2,894,900 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of WillScot in the 4th quarter valued at approximately $34,159,000. Finally, Victory Capital Management Inc. boosted its stake in WillScot by 4,964.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,631,072 shares of the company’s stock worth $34,432,000 after purchasing an additional 1,598,863 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

About WillScot

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.