WillScot (NASDAQ:WSC) Upgraded by Wall Street Zen to “Hold” Rating

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

A number of other equities analysts also recently weighed in on WSC. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Robert W. Baird reiterated a “neutral” rating and set a $23.00 price target (up previously from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Citigroup raised their price target on shares of WillScot from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Finally, Barclays reduced their target price on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.88.

WillScot Trading Up 1.9%

Shares of WSC opened at $21.62 on Friday. 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 stock has a market capitalization of $3.93 billion, a P/E ratio of 17.87, a PEG ratio of 1.96 and a beta of 1.12. WillScot has a twelve month low of $14.91 and a twelve month high of $39.12. The firm has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $21.54.

Institutional Investors Weigh In On WillScot

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its holdings in shares of WillScot by 117.3% in the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after buying an additional 679 shares during the last quarter. CWM LLC boosted its position in shares of WillScot by 37.7% during the fourth quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock worth $39,000 after purchasing an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new position in shares of WillScot in the third quarter valued at $44,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of WillScot by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares during the last quarter. Hedge funds and other institutional investors 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.