WillScot (NASDAQ:WSC) Rating Lowered to “Sell” at Wall Street Zen

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

A number of other analysts also recently issued reports on WSC. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Citigroup raised their target price on WillScot from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. DA Davidson reduced their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Robert W. Baird set a $22.00 price target on WillScot and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Baird R W raised WillScot from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.63.

WillScot Stock Up 1.1%

Shares of WSC opened at $19.74 on Friday. WillScot has a 52-week low of $14.91 and a 52-week high of $39.60. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. The stock has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $23.49. The company has a market capitalization of $3.59 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12.

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

Hedge Funds Weigh In On WillScot

Several hedge funds have recently bought and sold shares of WSC. American Century Companies Inc. increased its stake in WillScot by 3.0% during the first quarter. American Century Companies Inc. now owns 45,407 shares of the company’s stock worth $1,262,000 after purchasing an additional 1,326 shares during the period. Raymond James Financial Inc. grew its holdings in shares of WillScot by 1.5% in the first quarter. Raymond James Financial Inc. now owns 251,743 shares of the company’s stock valued at $6,998,000 after purchasing an additional 3,804 shares in the last quarter. Northern Trust Corp increased its stake in WillScot by 13.4% during the 1st quarter. Northern Trust Corp now owns 1,300,289 shares of the company’s stock worth $36,148,000 after buying an additional 153,386 shares during the period. Hsbc Holdings PLC lifted its holdings in WillScot by 13.0% during the 1st quarter. Hsbc Holdings PLC now owns 7,849 shares of the company’s stock worth $218,000 after buying an additional 900 shares in the last quarter. Finally, Corebridge Financial Inc. lifted its holdings in WillScot by 319.3% during the 1st quarter. Corebridge Financial Inc. now owns 7,749 shares of the company’s stock worth $215,000 after buying an additional 5,901 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.