WillScot (NASDAQ:WSC) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of WillScot (NASDAQ:WSC) from a hold rating to a sell rating in a research report report published on Saturday.

Several other research analysts have also recently weighed in on the company. Citigroup boosted 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. DA Davidson reduced their target price on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Barclays reduced their price target 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. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of WillScot in a research note on Wednesday, January 21st. Finally, Morgan Stanley restated an “equal weight” rating and set a $21.00 target price (down from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.88.

WillScot Trading Down 2.8%

NASDAQ WSC opened at $21.64 on Friday. WillScot has a 12 month low of $14.91 and a 12 month high of $39.12. 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 firm has a market capitalization of $3.94 billion, a P/E ratio of 17.88, a PEG ratio of 2.02 and a beta of 1.12. The business has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $21.74.

Institutional Investors Weigh In On WillScot

Institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of WillScot by 117.3% during the fourth quarter. Salomon & Ludwin LLC now owns 1,258 shares of the company’s stock worth $25,000 after purchasing an additional 679 shares during the period. CWM LLC grew its position in shares of WillScot by 37.7% in the 4th quarter. CWM LLC now owns 2,071 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the period. Danske Bank A S purchased a new stake in WillScot in the third quarter worth about $44,000. First Horizon Advisors Inc. grew its stake in shares of WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after buying an additional 662 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Company Profile

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.