Baird R W Upgrades WillScot (NASDAQ:WSC) to “Strong-Buy”

WillScot (NASDAQ:WSC) was upgraded by research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other brokerages have also recently issued reports on WSC. DA Davidson decreased their price objective on shares of WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target (down previously from $37.00) on shares of WillScot in a report on Thursday, November 13th. Jefferies Financial Group lowered their price objective on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $22.00 price target on WillScot and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WillScot presently has an average rating of “Moderate Buy” and an average price target of $27.13.

WillScot Trading Up 11.1%

NASDAQ WSC opened at $17.61 on Friday. WillScot has a 12 month low of $14.91 and a 12 month high of $39.81. The stock has a 50-day simple moving average of $20.76 and a 200 day simple moving average of $24.89. 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 company has a market capitalization of $3.20 billion, a PE ratio of 14.55, a P/E/G ratio of 1.42 and a beta of 1.15.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $566.84 million during the quarter, compared to analyst estimates of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that WillScot will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WSC. CWM LLC raised its position in WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company’s stock valued at $49,000 after buying an additional 827 shares during the last quarter. Danske Bank A S acquired a new position in WillScot during the 3rd quarter worth approximately $44,000. First Horizon Advisors Inc. grew its stake in shares of WillScot by 45.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after acquiring an additional 662 shares in the last quarter. Quarry LP acquired a new stake in shares of WillScot in the first quarter valued at approximately $80,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company’s stock worth $61,000 after purchasing an additional 543 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

About WillScot

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.