BlackRock Inc. acquired a new position in WillScot Corp (NASDAQ:WSC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 249,946 shares of the company’s stock, valued at approximately $3,412,000. BlackRock Inc. owned approximately 0.30% of WillScot at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp purchased a new position in WillScot in the first quarter valued at $567,000. Wells Fargo & Company MN acquired a new position in WillScot in the 4th quarter valued at about $600,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in WillScot in the 1st quarter valued at about $1,520,000. Hedge funds and other institutional investors own 37.15% of the company’s stock.
WSC has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of WillScot from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. ValuEngine raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Jefferies Financial Group assumed coverage on shares of WillScot in a research note on Monday, July 9th. They set a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of WillScot in a research report on Friday. They issued an “outperform” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.50.
Shares of WSC opened at $16.00 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.50 billion and a PE ratio of -4.13. WillScot Corp has a 52-week low of $9.45 and a 52-week high of $17.70.
WillScot (NASDAQ:WSC) last posted its earnings results on Tuesday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $144.55 million. equities research analysts forecast that WillScot Corp will post 0.07 EPS for the current fiscal year.
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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