WillScot Corp (NASDAQ:WSC) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,800,000 shares, an increase of 9.5% from the December 15th total of 6,210,000 shares. Currently, 12.0% of the company’s stock are short sold. Based on an average daily trading volume, of 444,000 shares, the short-interest ratio is currently 15.3 days.
WSC opened at $18.16 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 2.50. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 95.58, a PEG ratio of 1.72 and a beta of 1.88. WillScot has a 12 month low of $9.56 and a 12 month high of $18.59. The stock has a fifty day moving average price of $17.96 and a 200-day moving average price of $16.06.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $272.34 million for the quarter, compared to the consensus estimate of $271.40 million. WillScot had a positive return on equity of 2.93% and a negative net margin of 3.09%. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.37) earnings per share. On average, equities research analysts forecast that WillScot will post 0.27 EPS for the current year.
A number of research analysts have commented on WSC shares. DA Davidson raised their target price on shares of WillScot to $23.00 and gave the company a “buy” rating in a research report on Monday, November 25th. ValuEngine cut shares of WillScot from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded shares of WillScot from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Saturday, October 12th. TheStreet raised shares of WillScot from a “c” rating to a “b-” rating in a report on Friday, November 29th. Finally, Barclays reissued a “hold” rating and issued a $17.00 price objective on shares of WillScot in a research note on Sunday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.13.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in WillScot by 24.8% during the second quarter. BlackRock Inc. now owns 3,291,491 shares of the company’s stock valued at $49,503,000 after acquiring an additional 653,251 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of WillScot by 258.9% during the 3rd quarter. Millennium Management LLC now owns 317,752 shares of the company’s stock valued at $4,950,000 after purchasing an additional 517,752 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of WillScot during the 2nd quarter valued at $5,253,000. Nuveen Asset Management LLC acquired a new stake in shares of WillScot in the 2nd quarter worth $2,732,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in WillScot during the 3rd quarter valued at about $2,345,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.
WillScot Company Profile
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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