TimesSquare Capital Management LLC decreased its stake in WillScot Corp (NASDAQ:WSC) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,213,300 shares of the company’s stock after selling 100,600 shares during the period. TimesSquare Capital Management LLC owned approximately 1.90% of WillScot worth $33,288,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of WillScot by 8.8% in the first quarter. JPMorgan Chase & Co. now owns 6,850,682 shares of the company’s stock worth $75,973,000 after buying an additional 553,033 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of WillScot in the first quarter worth about $272,000. Dimensional Fund Advisors LP purchased a new stake in shares of WillScot in the fourth quarter worth about $1,253,000. Geode Capital Management LLC boosted its position in shares of WillScot by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 411,536 shares of the company’s stock worth $3,876,000 after buying an additional 28,442 shares during the period. Finally, Selz Capital LLC boosted its position in shares of WillScot by 17.9% in the second quarter. Selz Capital LLC now owns 1,209,400 shares of the company’s stock worth $18,189,000 after buying an additional 184,000 shares during the period. 47.95% of the stock is owned by institutional investors.
WSC traded up $0.35 on Friday, reaching $14.44. The company’s stock had a trading volume of 291,400 shares, compared to its average volume of 463,080. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 280.00, a price-to-earnings-growth ratio of 11.67 and a beta of 1.77. WillScot Corp has a 1 year low of $8.21 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.04 and a quick ratio of 0.99. The business’s 50 day moving average is $15.02 and its 200 day moving average is $12.99.
A number of brokerages recently commented on WSC. TheStreet raised WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. Zacks Investment Research downgraded WillScot from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, DA Davidson began coverage on WillScot in a report on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. WillScot currently has a consensus rating of “Buy” and a consensus price target of $17.31.
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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