DA Davidson Has Lowered Expectations for WillScot (NASDAQ:WSC) Stock Price

Key Points

• DA Davidson has lowered its price target for WillScot's stock from $45.00 to $40.00, while maintaining a "buy" rating, indicating a potential upside of 57.92% from its current price.
• The stock has seen a consensus rating of "Moderate Buy" from analysts, with a price target average of $39.75, while five analysts recommend a buy and five rate it as a hold.
• WillScot recently reported a net margin of 0.63% and earnings of $0.27 EPS for the last quarter, missing expectations and representing a 2.6% revenue decline compared to the same quarter last year.

WillScot (NASDAQ:WSC - Get Free Report) had its price objective decreased by DA Davidson from $45.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 57.92% from the stock's current price.

Several other equities research analysts also recently commented on the company. Barclays decreased their price objective on WillScot from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. William Blair reaffirmed a "market perform" rating on shares of WillScot in a research report on Thursday, May 29th. Finally, Morgan Stanley upped their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.75.

WillScot Price Performance

Shares of NASDAQ WSC traded down $4.02 during mid-day trading on Friday, reaching $25.33. The company had a trading volume of 9,705,258 shares, compared to its average volume of 2,678,890. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.76 and a current ratio of 0.83. WillScot has a one year low of $21.91 and a one year high of $42.15. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 281.48, a PEG ratio of 1.65 and a beta of 1.24. The business's 50-day simple moving average is $28.53 and its 200 day simple moving average is $29.93.

WillScot (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). WillScot had a net margin of 0.63% and a return on equity of 26.28%. The firm had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. On average, research analysts predict that WillScot will post 1.77 earnings per share for the current fiscal year.

Insider Transactions at WillScot

In other news, Director Dominick P. Zarcone acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $26.19 per share, with a total value of $261,900.00. Following the completion of the purchase, the director directly owned 15,384 shares in the company, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the purchase, the chief executive officer owned 128,817 shares of the company's stock, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WillScot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in shares of WillScot by 444.7% during the 1st quarter. Amalgamated Bank now owns 56,374 shares of the company's stock worth $1,567,000 after purchasing an additional 46,024 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of WillScot by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares in the last quarter. KBC Group NV grew its stake in shares of WillScot by 16.7% in the first quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after acquiring an additional 1,312 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of WillScot during the first quarter worth $1,148,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of WillScot during the first quarter worth $10,987,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.

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