Barclays Reiterates “Hold” Rating for WillScot (NASDAQ:WSC)

WillScot (NASDAQ:WSC)‘s stock had its “hold” rating reaffirmed by Barclays in a note issued to investors on Sunday, AnalystRatings.com reports. They currently have a $17.00 target price on the stock. Barclays‘s target price suggests a potential upside of 3.60% from the stock’s previous close.

WSC has been the topic of a number of other research reports. Zacks Investment Research upgraded WillScot from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Saturday, October 12th. ValuEngine upgraded WillScot from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $16.90.

Shares of WSC stock traded down $0.12 on Friday, hitting $16.41. The company had a trading volume of 1,222,800 shares, compared to its average volume of 537,763. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.99 and a current ratio of 1.04. WillScot has a twelve month low of $8.21 and a twelve month high of $17.12. The stock’s 50-day moving average is $15.86 and its two-hundred day moving average is $14.83. The firm has a market cap of $1.92 billion, a P/E ratio of 86.37, a P/E/G ratio of 4.38 and a beta of 1.85.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WillScot had a positive return on equity of 0.55% and a negative net margin of 6.66%. The firm had revenue of $272.34 million during the quarter, compared to analysts’ expectations of $271.40 million. During the same quarter last year, the firm posted ($0.37) earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts predict that WillScot will post 0.25 EPS for the current year.

In related news, Director Jeffrey Sagansky sold 100,000 shares of WillScot stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.01, for a total transaction of $1,401,000.00. Following the sale, the director now directly owns 2,576,346 shares in the company, valued at $36,094,607.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rebecca L. Owen purchased 9,250 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $16.30 per share, for a total transaction of $150,775.00. 56.13% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of WSC. JPMorgan Chase & Co. grew its position in shares of WillScot by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 7,192,301 shares of the company’s stock valued at $106,374,000 after purchasing an additional 341,619 shares in the last quarter. BlackRock Inc. raised its position in WillScot by 24.8% during the 2nd quarter. BlackRock Inc. now owns 3,291,491 shares of the company’s stock valued at $49,503,000 after purchasing an additional 653,251 shares during the last quarter. Zazove Associates LLC raised its position in WillScot by 2,457.5% during the 2nd quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock valued at $193,000 after purchasing an additional 2,402,248 shares during the last quarter. Vanguard Group Inc. raised its position in WillScot by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,460,112 shares of the company’s stock valued at $37,000,000 after purchasing an additional 135,070 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in WillScot by 6.2% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,350,420 shares of the company’s stock valued at $36,620,000 after purchasing an additional 137,120 shares during the last quarter. Institutional investors and hedge funds own 46.97% of the company’s stock.

WillScot Company Profile

Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.

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