WillScot’s (WSC) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of WillScot (NASDAQ:WSC) in a report released on Wednesday, Marketbeat reports. They currently have a $23.00 price target on the stock, up from their previous price target of $22.00.

WSC has been the subject of a number of other research reports. Barclays dropped their price target on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Citigroup lifted their target price on shares of WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Jefferies Financial Group cut their price target on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.88.

WillScot Stock Down 1.7%

Shares of NASDAQ:WSC opened at $21.12 on Wednesday. The firm has a fifty day moving average price of $19.96 and a two-hundred day moving average price of $22.58. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72. WillScot has a one year low of $14.91 and a one year high of $39.40.

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

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s dividend payout ratio is 23.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of WillScot in the 3rd quarter worth approximately $44,000. First Horizon Advisors Inc. lifted its stake in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after acquiring an additional 662 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after acquiring an additional 1,565 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $61,000 after acquiring an additional 543 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in WillScot by 338.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock valued at $112,000 after purchasing an additional 3,157 shares during the period. Hedge funds and other 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.