WillScot (NASDAQ:WSC) Given Neutral Rating at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of WillScot (NASDAQ:WSC) in a research note released on Wednesday morning, MarketBeat reports. The firm currently has a $23.00 price objective on the stock, up from their prior price objective of $22.00.

WSC has been the topic of several other reports. UBS Group set a $35.00 target price on shares of WillScot in a research note on Tuesday, September 30th. DA Davidson cut their price target on shares of WillScot from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Barclays decreased their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Wall Street Zen upgraded shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Jefferies Financial Group cut their target price on WillScot from $32.00 to $23.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, WillScot has an average rating of “Hold” and an average price target of $26.88.

WillScot Trading Up 0.5%

Shares of WSC traded up $0.12 during trading hours on Wednesday, hitting $21.74. The company had a trading volume of 144,154 shares, compared to its average volume of 1,718,851. WillScot has a 52-week low of $14.91 and a 52-week high of $39.58. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. The stock’s 50 day moving average price is $19.80 and its 200 day moving average price is $22.63. The firm has a market cap of $3.96 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.94 and a beta of 1.11.

WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $566.84 million for the quarter, compared to analyst estimates of $583.52 million. During the same period last year, the company earned $0.38 EPS. WillScot’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, research analysts predict that WillScot will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given 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 1.3%. WillScot’s dividend payout ratio is currently 23.14%.

Institutional Investors Weigh In On WillScot

Several hedge funds have recently made changes to their positions in WSC. Thompson Investment Management Inc. raised its holdings in WillScot by 122.3% in the fourth quarter. Thompson Investment Management Inc. now owns 40,541 shares of the company’s stock worth $763,000 after purchasing an additional 22,300 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of WillScot during the 4th quarter valued at $13,862,000. Central Pacific Bank Trust Division grew its position in shares of WillScot by 21.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 21,431 shares of the company’s stock worth $404,000 after buying an additional 3,842 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of WillScot by 130.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Danske Bank A S purchased a new position in WillScot during the 3rd quarter valued at about $44,000. 95.81% of the stock is currently owned by institutional investors.

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.