Strs Ohio Takes Position in WillScot Corp (WSC)

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Strs Ohio acquired a new stake in WillScot Corp (NASDAQ:WSC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,500 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in WillScot in the first quarter valued at approximately $3,412,000. Schwab Charles Investment Management Inc. purchased a new stake in WillScot in the first quarter valued at approximately $1,520,000. Tibra Equities Europe Ltd purchased a new stake in WillScot in the first quarter valued at approximately $1,012,000. Wells Fargo & Company MN lifted its stake in WillScot by 32.0% in the first quarter. Wells Fargo & Company MN now owns 62,331 shares of the company’s stock valued at $852,000 after buying an additional 15,111 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of WillScot in the second quarter valued at approximately $146,000. Institutional investors own 43.13% of the company’s stock.

WSC has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on WillScot in a report on Friday, August 17th. They issued an “outperform” rating and a $20.00 target price on the stock. Zacks Investment Research raised WillScot from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Jefferies Financial Group initiated coverage on WillScot in a report on Monday, July 9th. They issued a “buy” rating on the stock. Finally, ValuEngine raised WillScot from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.00.

NASDAQ:WSC opened at $17.20 on Friday. The company has a market capitalization of $1.61 billion and a PE ratio of -4.42. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44. WillScot Corp has a 12-month low of $9.45 and a 12-month high of $17.70.

WillScot (NASDAQ:WSC) last released its earnings results on Tuesday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $140.33 million during the quarter, compared to analyst estimates of $144.55 million. equities analysts predict that WillScot Corp will post -0.35 earnings per share for the current year.

WillScot Profile

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.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for WillScot (NASDAQ:WSC)

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