Advisory Research Inc. boosted its holdings in WillScot Corp (NASDAQ:WSC) by 30.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,884 shares of the company’s stock after buying an additional 16,005 shares during the quarter. Advisory Research Inc. owned 0.07% of WillScot worth $1,164,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of WSC. Wells Fargo & Company MN raised its position in WillScot by 1,502.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,256,162 shares of the company’s stock worth $55,844,000 after buying an additional 3,052,946 shares during the last quarter. FMR LLC purchased a new position in WillScot in the 3rd quarter worth about $32,316,000. BlackRock Inc. raised its position in WillScot by 646.4% in the 2nd quarter. BlackRock Inc. now owns 1,865,677 shares of the company’s stock worth $27,612,000 after buying an additional 1,615,731 shares during the last quarter. JPMorgan Chase & Co. raised its position in WillScot by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,549,338 shares of the company’s stock worth $95,171,000 after buying an additional 1,519,134 shares during the last quarter. Finally, Tygh Capital Management Inc. purchased a new position in WillScot in the 2nd quarter worth about $7,759,000. 54.19% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on WSC shares. Credit Suisse Group started coverage on shares of WillScot in a research report on Friday, August 17th. They set an “outperform” rating and a $20.00 price target for the company. Oppenheimer upped their price target on shares of WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, October 18th. Deutsche Bank started coverage on shares of WillScot in a research report on Monday, October 1st. They set a “buy” rating for the company. Finally, Barclays started coverage on shares of WillScot in a research report on Monday, November 19th. They set an “equal weight” rating and a $18.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.43.
NASDAQ WSC opened at $13.78 on Monday. WillScot Corp has a 52 week low of $9.75 and a 52 week high of $18.19. The stock has a market cap of $1.38 billion and a PE ratio of -3.54. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 2.26.
WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, November 8th. The company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.32). The business had revenue of $218.90 million for the quarter, compared to analysts’ expectations of $204.10 million. WillScot had a negative net margin of 26.49% and a negative return on equity of 9.21%. The firm’s quarterly revenue was up 88.4% on a year-over-year basis. Sell-side analysts forecast that WillScot Corp will post -0.13 EPS for the current fiscal 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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