WillScot (NASDAQ:WSC) Stock Rating Lowered by Wall Street Zen

WillScot (NASDAQ:WSC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

WSC has been the subject of a number of other reports. Citigroup increased their price target on shares of WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target (down from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Finally, Barclays reduced their price objective 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. 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 MarketBeat, WillScot has a consensus rating of “Hold” and a consensus price target of $26.88.

WillScot Stock Up 6.1%

WSC stock opened at $22.26 on Friday. The firm’s 50-day moving average is $20.53 and its two-hundred day moving average is $21.93. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12. WillScot has a 52 week low of $14.91 and a 52 week high of $39.12.

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. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The firm had revenue of $566.84 million for the quarter, compared to analysts’ expectations of $583.52 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, analysts forecast that WillScot will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of WillScot

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mraz Amerine & Associates Inc. raised its holdings in WillScot by 65.7% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 108,217 shares of the company’s stock worth $2,038,000 after acquiring an additional 42,915 shares during the period. Leonteq Securities AG acquired a new stake in shares of WillScot in the fourth quarter valued at about $68,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of WillScot by 25.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 22,500 shares of the company’s stock worth $424,000 after purchasing an additional 4,600 shares during the period. Gabelli Funds LLC boosted its stake in WillScot by 32.6% during the 4th quarter. Gabelli Funds LLC now owns 20,947 shares of the company’s stock valued at $394,000 after purchasing an additional 5,150 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in WillScot in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

About WillScot

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.