WillScot's (WSC) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• WillScot's stock retains a "sell (D+)" rating from Weiss Ratings, alongside mixed assessments from other brokerages regarding its target price, ranging from $22.00 to $35.00.
• The company's earnings report revealed missed expectations with an EPS of $0.27, lower than the consensus estimate of $0.36; revenue was down 2.6% year-over-year.
• WillScot's stock saw a significant increase of 3.5% in trading activity, reaching $22.47, despite a volatile price range over the past year.

WillScot (NASDAQ:WSC - Get Free Report)'s stock had its "sell (d+)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on WSC. UBS Group set a $35.00 target price on shares of WillScot in a research note on Tuesday, September 30th. Barclays decreased their target price on shares of WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 24th. Jefferies Financial Group dropped their price objective on WillScot from $32.00 to $23.00 and set a "hold" rating for the company in a report on Monday, September 29th. Morgan Stanley dropped their price objective on shares of WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, DA Davidson lowered their target price on shares of WillScot from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued 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 $32.13.

WillScot Trading Up 3.5%

Shares of NASDAQ:WSC traded up $0.77 during midday trading on Wednesday, reaching $22.47. The company's stock had a trading volume of 1,003,328 shares, compared to its average volume of 2,574,527. WillScot has a fifty-two week low of $20.08 and a fifty-two week high of $42.15. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 1.93 and a beta of 1.10. The firm has a 50 day moving average price of $23.61 and a two-hundred day moving average price of $26.12. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). WillScot had a return on equity of 24.83% and a net margin of 4.66%.The company had revenue of $589.08 million for the quarter, compared to analysts' expectations of $587.07 million. During the same quarter in the prior year, the company earned $0.39 EPS. The company's revenue was down 2.6% on a year-over-year basis. WillScot has set its FY 2025 guidance at EPS. As a group, analysts forecast that WillScot will post 1.77 earnings per share for the current year.

Insider Activity

In other WillScot news, EVP Hezron T. Lopez sold 22,000 shares of WillScot stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $24.63, for a total transaction of $541,860.00. Following the completion of the transaction, the executive vice president owned 54,038 shares in the company, valued at approximately $1,330,955.94. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz acquired 2,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $24.85 per share, with a total value of $49,700.00. Following the transaction, the chief executive officer owned 418,376 shares of the company's stock, valued at approximately $10,396,643.60. The trade was a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Amalgamated Bank lifted its position in WillScot by 444.7% in the 1st quarter. Amalgamated Bank now owns 56,374 shares of the company's stock valued at $1,567,000 after purchasing an additional 46,024 shares during the last quarter. GAMMA Investing LLC increased its stake in WillScot by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after buying an additional 683 shares during the period. KBC Group NV grew its stake in shares of WillScot by 16.7% in the 1st quarter. KBC Group NV now owns 9,166 shares of the company's stock worth $255,000 after purchasing an additional 1,312 shares during the last quarter. New York State Teachers Retirement System purchased a new position in WillScot during the first quarter valued at approximately $1,148,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in WillScot during the first quarter valued at approximately $10,987,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

About WillScot

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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