WillScot (NASDAQ:WSC) Lowered to Hold at Zacks Investment Research

WillScot (NASDAQ:WSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Williams Scotsman is a specialty rental services providing modular space and portable storage solutions primarily in North America. It serves the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. Williams Scotsman is headquartered in Baltimore, Maryland. “

A number of other research firms have also commented on WSC. TheStreet raised WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. DA Davidson initiated coverage on WillScot in a research report on Tuesday, June 25th. They set a “buy” rating and a $19.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. WillScot presently has a consensus rating of “Buy” and a consensus price target of $17.31.

WSC traded down $0.03 during midday trading on Friday, reaching $15.46. 496,856 shares of the company’s stock traded hands, compared to its average volume of 388,909. The firm has a fifty day moving average price of $15.04. The company has a market cap of $1.86 billion, a PE ratio of 81.37, a price-to-earnings-growth ratio of 8.70 and a beta of 1.77. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 2.46. WillScot has a 52 week low of $8.21 and a 52 week high of $18.19.

WillScot (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $255.00 million for the quarter, compared to the consensus estimate of $254.20 million. WillScot had a negative net margin of 6.34% and a positive return on equity of 0.95%. The firm’s revenue for the quarter was up 89.2% on a year-over-year basis. As a group, equities analysts predict that WillScot will post 0.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of WillScot by 8.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,850,682 shares of the company’s stock worth $75,973,000 after acquiring an additional 553,033 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of WillScot during the 1st quarter worth approximately $272,000. Dimensional Fund Advisors LP purchased a new position in shares of WillScot during the 4th quarter worth approximately $1,253,000. Selz Capital LLC grew its holdings in shares of WillScot by 40.1% during the 1st quarter. Selz Capital LLC now owns 1,025,400 shares of the company’s stock worth $11,371,000 after acquiring an additional 293,335 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of WillScot by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 411,536 shares of the company’s stock worth $3,876,000 after acquiring an additional 28,442 shares during the period. 47.83% of the stock is owned by institutional investors and hedge funds.

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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