Sciencast Management LP acquired a new stake in WillScot Corp (NASDAQ:WSC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,915 shares of the company’s stock, valued at approximately $414,000.
Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of WillScot during the first quarter valued at approximately $37,000. Tower Research Capital LLC TRC acquired a new position in WillScot during the first quarter worth $62,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WillScot by 53.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,847 shares of the company’s stock valued at $79,000 after buying an additional 2,719 shares in the last quarter. Aperio Group LLC bought a new position in shares of WillScot in the first quarter valued at $114,000. Finally, Mackay Shields LLC acquired a new position in shares of WillScot during the first quarter valued at about $120,000.
Several brokerages recently weighed in on WSC. Oppenheimer started coverage on shares of WillScot in a research report on Thursday, July 2nd. They issued a “buy” rating and a $17.00 price target on the stock. Deutsche Bank started coverage on WillScot in a report on Thursday, July 2nd. They issued a “buy” rating and a $16.00 target price on the stock. Credit Suisse Group upped their price target on WillScot from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Morgan Stanley began coverage on WillScot in a research note on Tuesday, July 21st. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, Bank of America reaffirmed a “buy” rating and set a $17.00 price objective on shares of WillScot in a report on Thursday, May 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.22.
Shares of NASDAQ:WSC opened at $15.06 on Friday. WillScot Corp has a 1 year low of $7.45 and a 1 year high of $19.79. The company has a market capitalization of $1.79 billion, a PE ratio of -376.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.97. The business has a fifty day moving average price of $13.92 and a two-hundred day moving average price of $14.07. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.93 and a quick ratio of 0.88.
WillScot (NASDAQ:WSC) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $255.82 million for the quarter, compared to the consensus estimate of $260.90 million. WillScot had a negative net margin of 0.41% and a positive return on equity of 4.36%. Sell-side analysts anticipate that WillScot Corp will post 0.65 earnings per share for the current 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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