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 research note issued to investors on Saturday.

WSC has been the subject of a number of other reports. UBS Group set a $35.00 target price on WillScot in a report on Tuesday, September 30th. Citigroup upped their price objective on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird set a $22.00 target price on WillScot and gave the company an “outperform” rating in a research note on Friday, November 21st. DA Davidson reduced their price target on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Barclays dropped their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.75.

WillScot Stock Performance

WSC stock opened at $22.50 on Friday. The stock’s 50 day simple moving average is $19.58 and its 200 day simple moving average is $22.78. WillScot has a 12-month low of $14.91 and a 12-month high of $39.60. The firm has a market cap of $4.09 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.01 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping 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 the consensus estimate of $583.52 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s dividend payout ratio is currently 23.14%.

Institutional Investors Weigh In On WillScot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Yousif Capital Management LLC increased its position in shares of WillScot by 0.7% in the second quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock worth $1,941,000 after acquiring an additional 515 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in WillScot by 22.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares during the period. Thompson Investment Management Inc. grew its position in WillScot by 3.7% during the 2nd quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock worth $500,000 after purchasing an additional 650 shares in the last quarter. First Horizon Advisors Inc. raised its stake in WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of WillScot by 0.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock valued at $5,092,000 after purchasing an additional 714 shares in the last quarter. 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.