WillScot (NASDAQ:WSC) Hits New 52-Week High at $17.03

WillScot Corp (NASDAQ:WSC) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.03 and last traded at $16.99, with a volume of 2504 shares trading hands. The stock had previously closed at $16.83.

A number of research firms have weighed in on WSC. Zacks Investment Research upgraded shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Saturday, October 12th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of WillScot in a research report on Sunday, November 10th. Finally, ValuEngine cut shares of WillScot from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.90.

The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The stock’s 50-day simple moving average is $15.96 and its two-hundred day simple moving average is $14.94. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 91.74, a PEG ratio of 4.11 and a beta of 1.85.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. WillScot had a negative net margin of 3.09% and a positive return on equity of 2.93%. The company had revenue of $272.34 million for the quarter, compared to analysts’ expectations of $271.40 million. During the same quarter last year, the company earned ($0.37) earnings per share. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, sell-side analysts forecast that WillScot Corp will post 0.27 EPS for the current year.

In other news, Director Jeffrey Sagansky sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total transaction of $1,401,000.00. Following the transaction, the director now directly owns 2,576,346 shares in the company, valued at $36,094,607.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rebecca L. Owen bought 9,250 shares of the stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $16.30 per share, for a total transaction of $150,775.00. 56.13% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Falcon Point Capital LLC grew its position in shares of WillScot by 29.3% during the second quarter. Falcon Point Capital LLC now owns 257,560 shares of the company’s stock worth $3,874,000 after acquiring an additional 58,380 shares during the last quarter. Selz Capital LLC grew its position in shares of WillScot by 17.9% during the second quarter. Selz Capital LLC now owns 1,209,400 shares of the company’s stock worth $18,189,000 after acquiring an additional 184,000 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of WillScot during the second quarter worth approximately $2,680,000. Zazove Associates LLC grew its position in shares of WillScot by 2,457.5% during the second quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock worth $193,000 after acquiring an additional 2,402,248 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of WillScot by 38.2% during the second quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $1,519,000 after acquiring an additional 27,900 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

About WillScot (NASDAQ:WSC)

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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