WillScot Corp (NASDAQ:WSC) dropped 5.2% during mid-day trading on Friday . The company traded as low as $12.16 and last traded at $12.47. Approximately 732,260 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 492,289 shares. The stock had previously closed at $13.15.

Several research analysts have weighed in on WSC shares. Morgan Stanley started coverage on shares of WillScot in a report on Monday, October 1st. They issued an “overweight” rating and a $21.00 price target on the stock. Zacks Investment Research cut shares of WillScot from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Credit Suisse Group initiated coverage on shares of WillScot in a research report on Friday, August 17th. They set an “outperform” rating and a $20.00 price target on the stock. Oppenheimer raised their target price on shares of WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Barclays started coverage on shares of WillScot in a research report on Monday, November 19th. They issued an “equal weight” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. WillScot currently has a consensus rating of “Buy” and a consensus target price of $18.43.

The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of -3.21. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.94 and a current ratio of 1.03.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, November 8th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.32). WillScot had a negative return on equity of 9.21% and a negative net margin of 26.49%. The firm had revenue of $218.90 million for the quarter, compared to analysts’ expectations of $204.10 million. The business’s revenue was up 88.4% compared to the same quarter last year. Analysts forecast that WillScot Corp will post -0.13 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of WillScot by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 5,549,338 shares of the company’s stock valued at $95,171,000 after purchasing an additional 1,519,134 shares during the period. Wells Fargo & Company MN boosted its stake in shares of WillScot by 1,502.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,256,162 shares of the company’s stock valued at $55,844,000 after purchasing an additional 3,052,946 shares in the last quarter. BlackRock Inc. boosted its stake in shares of WillScot by 23.7% in the 3rd quarter. BlackRock Inc. now owns 2,308,020 shares of the company’s stock valued at $39,583,000 after purchasing an additional 442,343 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in WillScot by 234.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,990,941 shares of the company’s stock valued at $34,144,000 after buying an additional 1,396,031 shares during the period. Finally, Vanguard Group Inc. boosted its position in WillScot by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,892,818 shares of the company’s stock valued at $32,462,000 after buying an additional 206,294 shares during the period. Institutional investors and hedge funds own 53.52% of the company’s stock.

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WillScot Company Profile (NASDAQ:WSC)

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.

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