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

Key Points

• WillScot's stock rating remains at "sell (D+)" according to Weiss Ratings, indicating ongoing concerns about the company's performance.
• Investment analysts have adjusted target prices downward, with estimates ranging from $22.00 to $37.00, reflecting a mixed outlook on the company's stock.
• WillScot reported a loss in earnings with $0.27 per share, falling short of the $0.36 consensus estimate, while revenue decreased by 2.6% year-over-year.

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

WSC has been the topic of several other research reports. Morgan Stanley lowered their target price on WillScot from $39.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Jefferies Financial Group lowered their target price on WillScot from $32.00 to $23.00 and set a "hold" rating on the stock in a report on Monday, September 29th. DA Davidson lowered their target price on WillScot from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, September 30th. UBS Group set a $35.00 price objective on WillScot in a research note on Tuesday, September 30th. Finally, Barclays decreased their price objective on WillScot from $34.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $30.89.

WillScot Price Performance

NASDAQ:WSC traded up $0.35 during trading hours on Friday, hitting $22.47. The company's stock had a trading volume of 1,571,456 shares, compared to its average volume of 2,557,785. The business's 50-day moving average is $22.72 and its two-hundred day moving average is $25.66. The company has a market capitalization of $4.09 billion, a PE ratio of 37.45, a PEG ratio of 1.92 and a beta of 1.10. 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 has a 52-week low of $20.08 and a 52-week high of $42.15.

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

Insider Activity

In other news, CEO Bradley Lee Soultz acquired 3,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $76,050.00. Following the acquisition, the chief executive officer directly owned 126,817 shares in the company, valued at $3,214,810.95. This trade represents a 2.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 22,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $24.63, for a total value 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. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On WillScot

A number of large investors have recently modified their holdings of WSC. GAMMA Investing LLC raised its holdings in shares of WillScot by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after purchasing an additional 683 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of WillScot by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after purchasing an additional 1,122 shares during the period. CWM LLC raised its holdings in shares of WillScot by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock worth $49,000 after purchasing an additional 827 shares during the period. First Horizon Advisors Inc. grew its stake in shares of WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company's stock valued at $58,000 after buying an additional 662 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of WillScot by 22.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,911 shares of the company's stock valued at $61,000 after buying an additional 543 shares in the last quarter. 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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