Dendur Capital LP grew its holdings in WillScot Corp (NASDAQ:WSC) by 30.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,151,882 shares of the company’s stock after purchasing an additional 500,830 shares during the quarter. WillScot makes up approximately 10.0% of Dendur Capital LP’s portfolio, making the stock its 4th largest holding. Dendur Capital LP’s holdings in WillScot were worth $26,447,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in WillScot by 7.0% during the second quarter. Vanguard Group Inc. now owns 2,969,657 shares of the company’s stock worth $36,497,000 after acquiring an additional 195,179 shares during the last quarter. Marshall Wace North America L.P. boosted its position in WillScot by 266.2% during the second quarter. Marshall Wace North America L.P. now owns 986,734 shares of the company’s stock worth $12,127,000 after acquiring an additional 717,309 shares during the last quarter. Marshall Wace LLP boosted its position in WillScot by 464.1% during the second quarter. Marshall Wace LLP now owns 696,878 shares of the company’s stock worth $8,565,000 after acquiring an additional 573,347 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in WillScot during the second quarter worth approximately $265,000. Finally, Bank of Montreal Can acquired a new position in shares of WillScot in the 2nd quarter valued at $270,000. Hedge funds and other institutional investors own 29.92% of the company’s stock.
A number of equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of WillScot from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Deutsche Bank started coverage on shares of WillScot in a report on Thursday, July 2nd. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group raised their target price on shares of WillScot from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Bank of America reissued a “buy” rating and issued a $17.00 target price on shares of WillScot in a research note on Thursday, May 28th. Finally, Stifel Nicolaus started coverage on shares of WillScot in a research note on Tuesday, June 30th. They issued a “buy” rating and a $19.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.70.
In related news, Director Jeffrey Sagansky sold 52,285 shares of WillScot stock in a transaction on Friday, August 14th. The shares were sold at an average price of $17.87, for a total transaction of $934,332.95. Following the sale, the director now owns 2,115,656 shares of the company’s stock, valued at approximately $37,806,772.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 63.50% of the company’s stock.
WillScot stock traded down $0.01 during midday trading on Friday, hitting $17.99. 1,256,660 shares of the stock were exchanged, compared to its average volume of 1,864,295. WillScot Corp has a 1 year low of $7.45 and a 1 year high of $19.79. The firm has a market cap of $4.10 billion, a P/E ratio of 112.44, a P/E/G ratio of 0.92 and a beta of 2.07. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.59 and a quick ratio of 1.57. The company has a 50 day moving average price of $16.06 and a two-hundred day moving average price of $13.79.
WillScot (NASDAQ:WSC) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. WillScot had a net margin of 1.70% and a return on equity of 6.95%. The firm had revenue of $256.90 million for the quarter, compared to the consensus estimate of $256.40 million. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, analysts predict that WillScot Corp will post 0.7 EPS for the current year.
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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