Putnam Investments LLC cut its stake in shares of WillScot Corp (NASDAQ:WSC) by 34.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,900 shares of the company’s stock after selling 122,400 shares during the quarter. Putnam Investments LLC owned 0.20% of WillScot worth $3,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in WSC. Zazove Associates LLC increased its stake in shares of WillScot by 2,457.5% in the second quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock worth $193,000 after buying an additional 2,402,248 shares during the period. FMR LLC increased its position in WillScot by 75.2% during the 1st quarter. FMR LLC now owns 5,355,970 shares of the company’s stock valued at $59,398,000 after purchasing an additional 2,299,370 shares during the period. BlackRock Inc. increased its position in WillScot by 24.8% during the 2nd quarter. BlackRock Inc. now owns 3,291,491 shares of the company’s stock valued at $49,503,000 after purchasing an additional 653,251 shares during the period. JPMorgan Chase & Co. increased its position in WillScot by 8.8% during the 1st quarter. JPMorgan Chase & Co. now owns 6,850,682 shares of the company’s stock valued at $75,973,000 after purchasing an additional 553,033 shares during the period. Finally, Rubric Capital Management LP increased its position in WillScot by 23.2% during the 1st quarter. Rubric Capital Management LP now owns 2,676,000 shares of the company’s stock valued at $29,677,000 after purchasing an additional 504,262 shares during the period. Institutional investors and hedge funds own 46.68% of the company’s stock.
A number of analysts have recently commented on WSC shares. Zacks Investment Research cut shares of WillScot from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. DA Davidson initiated coverage on shares of WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. WillScot has a consensus rating of “Buy” and a consensus target price of $16.93.
WSC traded down $0.01 during midday trading on Monday, hitting $15.90. 12,169 shares of the company traded hands, compared to its average volume of 433,760. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $1.86 billion, a PE ratio of 83.84, a price-to-earnings-growth ratio of 22.76 and a beta of 1.84. The company’s 50-day moving average is $14.63 and its 200 day moving average is $13.71. WillScot Corp has a 52 week low of $8.21 and a 52 week high of $18.19.
WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, August 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $266.13 million for the quarter, compared to analysts’ expectations of $262.74 million. WillScot had a negative net margin of 6.66% and a positive return on equity of 0.55%. On average, sell-side analysts predict that WillScot Corp will post 0.05 earnings per share for the current fiscal year.
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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