WillScot (NASDAQ:WSC) Given Equal Weight Rating at Morgan Stanley

WillScot (NASDAQ:WSC)‘s stock had its “equal weight” rating reiterated by Morgan Stanley in a report released on Thursday, MarketBeat reports. They currently have a $21.00 target price on the stock, down from their prior target price of $37.00. Morgan Stanley’s price objective would indicate a potential upside of 19.77% from the stock’s current price.

A number of other equities analysts have also issued reports on WSC. Robert W. Baird lowered their target price on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. UBS Group set a $35.00 price objective on WillScot in a research report on Tuesday, September 30th. Jefferies Financial Group lowered their target price 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. DA Davidson decreased their price target on shares of WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday. Finally, Citigroup initiated coverage on WillScot in a research note on Monday, October 20th. They issued a “buy” rating and a $28.00 target price for the company. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.50.

WillScot Trading Down 3.6%

WillScot stock traded down $0.66 during trading hours on Thursday, hitting $17.53. The company had a trading volume of 254,049 shares, compared to its average volume of 2,612,374. The firm has a market cap of $3.19 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.59 and a beta of 1.15. The company has a 50-day moving average price of $21.72 and a two-hundred day moving average price of $25.35. WillScot has a 1 year low of $16.55 and a 1 year high of $39.81. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79.

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, topping the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The company had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. WillScot’s revenue was down 5.8% compared to the same quarter last year. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that WillScot will post 1.77 earnings per share for the current year.

Insider Activity at WillScot

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value of $541,860.00. Following the transaction, the executive vice president owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On WillScot

Several large investors have recently bought and sold shares of WSC. CWM LLC grew its holdings in WillScot by 89.9% during the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after acquiring an additional 827 shares during the period. First Horizon Advisors Inc. grew its position in shares of 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 acquiring an additional 662 shares during the period. Nisa Investment Advisors LLC raised its holdings 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. Quarry LP purchased a new position in shares of WillScot during the 1st quarter valued at $80,000. Finally, Plato Investment Management Ltd bought a new stake in WillScot during the first quarter valued at about $99,000. 95.81% of the stock is currently owned by institutional investors.

About WillScot

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.