WillScot (NASDAQ:WSC) Given New $18.00 Price Target at Barclays

WillScot (NASDAQ:WSC) had its target price lowered by stock analysts at Barclays from $22.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 0.28% from the stock’s current price.

Several other equities research analysts have also commented on WSC. Jefferies Financial Group lowered their price objective on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. Robert W. Baird lowered their price target on shares of WillScot from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Citigroup started coverage on shares of WillScot in a research note on Monday, October 20th. They issued a “buy” rating and a $28.00 price target for the company. UBS Group set a $35.00 price objective on WillScot in a research note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WillScot presently has an average rating of “Hold” and an average target price of $29.88.

WillScot Stock Performance

Shares of WSC stock traded down $0.22 during mid-day trading on Monday, reaching $18.05. The stock had a trading volume of 2,461,599 shares, compared to its average volume of 2,597,571. WillScot has a 1-year low of $16.55 and a 1-year high of $39.81. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.70 and a beta of 1.15. 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 business’s fifty day moving average is $22.06 and its 200-day moving average is $25.49.

WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $583.52 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. WillScot’s revenue for the quarter was down 5.8% on a year-over-year basis. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that WillScot will post 1.77 earnings per share for the current year.

Insider Buying and Selling at WillScot

In other news, EVP Hezron T. Lopez sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total transaction of $541,860.00. Following the sale, the executive vice president owned 54,038 shares of the company’s stock, valued at approximately $1,330,955.94. This trade represents a 28.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WillScot

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in WillScot by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock valued at $509,811,000 after acquiring an additional 1,924,653 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of WillScot by 3.4% in the 2nd quarter. William Blair Investment Management LLC now owns 5,462,958 shares of the company’s stock valued at $149,685,000 after purchasing an additional 180,797 shares during the last quarter. Baillie Gifford & Co. acquired a new position in shares of WillScot in the first quarter valued at approximately $145,392,000. Norges Bank purchased a new stake in shares of WillScot during the second quarter worth approximately $125,126,000. Finally, Geode Capital Management LLC lifted its stake in shares of WillScot by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,277,913 shares of the company’s stock worth $89,829,000 after acquiring an additional 71,347 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.