Wall Street Zen Downgrades WillScot (NASDAQ:WSC) to Sell

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

WSC has been the subject of several other reports. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (down from $37.00) on shares of WillScot in a report on Thursday, November 13th. Citigroup increased their price objective on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Barclays dropped their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. DA Davidson decreased their target price on WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, WillScot currently has a consensus rating of “Hold” and an average target price of $26.88.

WillScot Stock Up 6.1%

Shares of NASDAQ WSC opened at $22.26 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 company has a market cap of $4.05 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.02 and a beta of 1.12. WillScot has a 52 week low of $14.91 and a 52 week high of $39.12. The business has a 50-day simple moving average of $20.53 and a two-hundred day simple moving average of $21.81.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.38 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. Research analysts anticipate that WillScot will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Baird Financial Group Inc. boosted its holdings in shares of WillScot by 74.6% during the 2nd quarter. Baird Financial Group Inc. now owns 274,619 shares of the company’s stock valued at $7,525,000 after buying an additional 117,309 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in WillScot by 2.1% in the second quarter. Westfield Capital Management Co. LP now owns 2,861,031 shares of the company’s stock worth $78,392,000 after purchasing an additional 57,946 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of WillScot by 26.8% during the third quarter. Van Berkom & Associates Inc. now owns 3,054,636 shares of the company’s stock valued at $64,483,000 after purchasing an additional 645,246 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of WillScot by 620.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 67,705 shares of the company’s stock worth $1,855,000 after buying an additional 58,305 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in WillScot during the second quarter valued at $1,339,000. 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.