WillScot (NASDAQ:WSC) Upgraded at UBS Group

UBS Group upgraded shares of WillScot (NASDAQ:WSC) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts have also weighed in on WSC. William Blair reiterated a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Morgan Stanley lifted their target price on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Wall Street Zen lowered WillScot from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. DA Davidson reduced their target price on WillScot from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Barclays lifted their price target on WillScot from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.50.

WillScot Stock Performance

WSC stock opened at $18.67 on Tuesday. The business’s 50-day moving average price is $19.83 and its two-hundred day moving average price is $20.24. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The firm has a market cap of $3.38 billion, a PE ratio of -62.23, a P/E/G ratio of 1.38 and a beta of 1.16. WillScot has a 1-year low of $14.91 and a 1-year high of $31.88.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, February 19th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $565.97 million for the quarter, compared to the consensus estimate of $545.34 million. WillScot had a positive return on equity of 20.42% and a negative net margin of 2.32%.The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, research analysts forecast that WillScot will post 1.77 earnings per share for the current year.

WillScot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. WillScot’s dividend payout ratio (DPR) is currently -93.33%.

Institutional Trading of WillScot

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