WillScot (NASDAQ:WSC) Stock Gets Price Target Trim from Robert W. Baird

WillScot (NASDAQ:WSC) had its price objective lowered by Robert W. Baird from $28.00 to $21.00 in a research report report published on Monday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

WSC has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. Barclays lifted their price objective on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Finally, Citigroup boosted their price objective on WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WillScot presently has an average rating of “Hold” and a consensus price target of $25.00.

WillScot Stock Performance

NASDAQ:WSC opened at $16.19 on Monday. The company has a market cap of $2.93 billion, a P/E ratio of -42.61, a P/E/G ratio of 1.00 and a beta of 1.40. WillScot has a twelve month low of $14.91 and a twelve month high of $29.77. The company’s 50-day moving average price is $19.71 and its 200-day moving average price is $22.84. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. WillScot’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, sell-side analysts forecast that WillScot will post 1.13 earnings per share for the current fiscal year.

WillScot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 2nd. WillScot’s dividend payout ratio (DPR) is presently -73.68%.

Hedge Funds Weigh In On WillScot

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in shares of WillScot in the 2nd quarter valued at approximately $43,000. Elevation Wealth Partners LLC lifted its holdings in shares of WillScot by 620.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,758 shares of the company’s stock worth $30,000 after acquiring an additional 1,514 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of WillScot by 96.3% in the 1st quarter. Parallel Advisors LLC now owns 4,051 shares of the company’s stock worth $70,000 after acquiring an additional 1,987 shares during the last quarter. Leonteq Securities AG boosted its position in shares of WillScot by 23.1% during the 1st quarter. Leonteq Securities AG now owns 4,476 shares of the company’s stock worth $78,000 after purchasing an additional 841 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of WillScot by 78.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,575 shares of the company’s stock worth $105,000 after purchasing an additional 2,447 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Company Profile

WillScot (NASDAQ:WSC) is a North American provider of flexible workspace and portable storage solutions. The company supplies modular buildings, mobile offices, classrooms, commercial space and storage units for customers in construction, education, healthcare, government, retail and other industries.

WillScot’s services generally include the rental, sale, delivery, installation, relocation and servicing of modular buildings and portable storage products. Its offerings are designed to provide temporary, semi-permanent or expanded space for organizations managing construction projects, renovations, disaster recovery, workforce growth and other changing space requirements.

The company was formed through the combination of WillScot Corporation and Mobile Mini in 2020, bringing together modular workspace and portable storage operations.