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

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WillScot (NASDAQ:WSC)‘s stock had its “hold” rating reaffirmed by research analysts at Barclays in a report issued on Sunday, AnalystRatings.com reports. They presently have a $17.00 price target on the stock. Barclays‘s price target suggests a potential upside of 3.60% from the stock’s current price.

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

WSC stock traded down $0.12 during midday trading on Friday, hitting $16.41. The company’s stock had a trading volume of 1,222,800 shares, compared to its average volume of 537,763. WillScot has a 12 month low of $8.21 and a 12 month high of $17.12. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.50. The company has a market cap of $1.92 billion, a PE ratio of 86.37, a P/E/G ratio of 4.38 and a beta of 1.85. The firm’s 50-day moving average is $15.86 and its 200-day moving average is $14.83.

WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $272.34 million during the quarter, compared to analyst estimates of $271.40 million. During the same quarter in the prior year, the business posted ($0.37) EPS. WillScot’s revenue for the quarter was up 24.4% compared to the same quarter last year. Analysts expect that WillScot will post 0.25 earnings per share for the current year.

In other news, Director Rebecca L. Owen acquired 9,250 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of $16.30 per share, for a total transaction of $150,775.00. Also, Director Jeffrey Sagansky sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total value of $1,401,000.00. Following the transaction, the director now owns 2,576,346 shares of the company’s stock, valued at approximately $36,094,607.46. The disclosure for this sale can be found here. Corporate insiders own 56.13% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC grew its position in shares of WillScot by 6.2% during the third 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 in the last quarter. Tower Research Capital LLC TRC lifted its stake in WillScot by 1,505.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,857 shares of the company’s stock worth $45,000 after purchasing an additional 2,679 shares during the last quarter. First Trust Advisors LP lifted its stake in WillScot by 40.0% in the third quarter. First Trust Advisors LP now owns 249,421 shares of the company’s stock worth $3,886,000 after purchasing an additional 71,248 shares during the last quarter. California Public Employees Retirement System bought a new stake in WillScot in the third quarter worth about $1,281,000. Finally, FNY Investment Advisers LLC bought a new stake in WillScot in the third quarter worth about $62,000. Hedge funds and other institutional investors own 46.97% of the company’s stock.

About WillScot

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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