WillScot (NASDAQ:WSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WillScot (NASDAQ:WSC) from a sell rating to a hold rating in a research report report published on Saturday morning.

WSC has been the topic of a number of other reports. Robert W. Baird set a $22.00 price objective on shares of WillScot and gave the stock an “outperform” rating in a report on Friday, November 21st. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price objective (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. UBS Group set a $35.00 target price on WillScot in a report on Tuesday, September 30th. Citigroup lifted their price objective on shares of WillScot from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Baird R W raised WillScot from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

WillScot Stock Down 2.5%

Shares of NASDAQ WSC opened at $19.89 on Friday. The firm’s 50-day simple moving average is $20.27 and its 200 day simple moving average is $23.96. 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 company has a market cap of $3.62 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. WillScot has a 12-month low of $14.91 and a 12-month high of $39.60.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, November 6th. The company reported $0.30 EPS 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 the consensus estimate 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 period last year, the company posted $0.38 EPS. On average, research analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. WillScot’s dividend payout ratio is 23.14%.

Institutional Trading of WillScot

A number of institutional investors have recently added to or reduced their stakes in WSC. Danske Bank A S bought a new position in shares of WillScot during the 3rd quarter valued at $44,000. First Horizon Advisors Inc. grew its holdings in shares of WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after buying an additional 662 shares during the period. CIBC Private Wealth Group LLC boosted its position in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares during the last quarter. Quarry LP acquired a new position in shares of WillScot during the 1st quarter worth about $80,000. Finally, 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 valued at $61,000 after purchasing an additional 543 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Company Profile

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.