WillScot (NASDAQ:WSC) Now Covered by UBS Group

UBS Group assumed coverage on shares of WillScot (NASDAQ:WSC) in a research report sent to investors on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $19.00 price objective on the stock.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Morgan Stanley increased their price target on WillScot from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. DA Davidson decreased their price target on WillScot from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen lowered WillScot from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Finally, William Blair reiterated a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, WillScot currently has a consensus rating of “Hold” and a consensus price target of $23.50.

WillScot Trading Up 3.2%

Shares of WSC stock opened at $18.84 on Wednesday. The stock has a 50-day simple moving average of $19.86 and a 200 day simple moving average of $20.25. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $31.88. The stock has a market capitalization of $3.41 billion, a P/E ratio of -62.80, a P/E/G ratio of 1.26 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The firm had revenue of $565.97 million for the quarter, compared to the consensus estimate of $545.34 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts expect that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. WillScot’s dividend payout ratio (DPR) is presently -93.33%.

Institutional Investors Weigh In On WillScot

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC boosted its position in WillScot by 117.3% during the 4th quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after acquiring an additional 679 shares during the period. Parallel Advisors LLC boosted its position in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after acquiring an additional 1,238 shares during the period. CWM LLC boosted its position in WillScot by 37.7% during the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the period. Danske Bank A S acquired a new stake in WillScot during the 3rd quarter worth about $44,000. Finally, 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 period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.