WillScot (NASDAQ:WSC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of WillScot (NASDAQ:WSC) from a hold rating to a sell rating in a research note released on Saturday.

Other equities analysts also recently issued research reports about the company. Robert W. Baird set a $22.00 target price on WillScot and gave the company an “outperform” rating in a research report on Friday, November 21st. Citigroup increased their price objective on WillScot from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research note on Thursday, November 13th. Barclays dropped their target price on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Baird R W raised shares of WillScot from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

WillScot Stock Performance

WSC opened at $19.74 on Friday. The firm’s fifty day simple moving average is $19.80 and its two-hundred day simple moving average is $23.45. WillScot has a 52-week low of $14.91 and a 52-week high of $39.60. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.77 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $566.84 million during the quarter, compared to analysts’ expectations of $583.52 million. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. Equities analysts anticipate that WillScot will post 1.77 earnings per share for the current fiscal year.

WillScot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. WillScot’s dividend payout ratio is 23.14%.

Institutional Trading of WillScot

Institutional investors have recently made changes to their positions in the company. Yousif Capital Management LLC grew its position in WillScot by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 70,825 shares of the company’s stock valued at $1,941,000 after acquiring an additional 515 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings 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 valued at $61,000 after purchasing an additional 543 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in shares of WillScot by 3.7% in the second quarter. Thompson Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $500,000 after purchasing an additional 650 shares in the last quarter. First Horizon Advisors Inc. increased its stake in 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 buying an additional 662 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in WillScot by 0.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after buying an additional 714 shares in 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.