Engineers Gate Manager LP lifted its stake in shares of WillScot Corp (NASDAQ:WSC) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,792 shares of the company’s stock after buying an additional 8,064 shares during the period. Engineers Gate Manager LP owned approximately 0.06% of WillScot worth $1,060,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in WillScot during the second quarter valued at $120,000. Strs Ohio acquired a new position in WillScot during the second quarter valued at $140,000. FNY Investment Advisers LLC acquired a new position in WillScot during the second quarter valued at $146,000. Intrinsic Edge Capital Management LLC acquired a new position in WillScot during the second quarter valued at $148,000. Finally, Fox Run Management L.L.C. acquired a new position in WillScot during the third quarter valued at $239,000. Institutional investors and hedge funds own 40.71% of the company’s stock.
A number of brokerages have weighed in on WSC. Morgan Stanley began coverage on shares of WillScot in a research report on Monday, October 1st. They issued an “overweight” rating and a $21.00 price objective for the company. Zacks Investment Research upgraded shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, October 18th. Deutsche Bank began coverage on shares of WillScot in a research report on Monday, October 1st. They issued a “buy” rating for the company. Oppenheimer upped their price objective on shares of WillScot from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group began coverage on shares of WillScot in a research report on Friday, August 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $18.50.
Shares of NASDAQ WSC opened at $16.89 on Friday. WillScot Corp has a 12-month low of $9.45 and a 12-month high of $18.19. The stock has a market cap of $1.58 billion and a P/E ratio of -4.34. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.86 and a quick ratio of 0.80.
WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.32). The company had revenue of $218.90 million for the quarter, compared to the consensus estimate of $204.10 million. WillScot’s revenue was up 88.4% on a year-over-year basis. As a group, equities analysts forecast 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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