Mark S. Bartlett Purchases 25,000 Shares of WillScot Corp (WSC) Stock

WillScot Corp (NASDAQ:WSC) Director Mark S. Bartlett purchased 25,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were purchased at an average price of $11.95 per share, with a total value of $298,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:WSC opened at $11.39 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 2.26. WillScot Corp has a 12-month low of $10.35 and a 12-month high of $18.19.

WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.32). The company had revenue of $218.90 million for the quarter, compared to the consensus estimate of $204.10 million. WillScot had a negative net margin of 26.49% and a negative return on equity of 9.21%. The company’s revenue was up 88.4% on a year-over-year basis. On average, sell-side analysts forecast that WillScot Corp will post -0.13 EPS for the current year.

Several large investors have recently made changes to their positions in WSC. Engineers Gate Manager LP bought a new position in shares of WillScot during the 2nd quarter valued at approximately $795,000. Rhumbline Advisers bought a new position in WillScot in the 2nd quarter worth approximately $391,000. Bank of New York Mellon Corp boosted its stake in WillScot by 239.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,682 shares of the company’s stock worth $1,505,000 after purchasing an additional 71,731 shares during the period. Strs Ohio bought a new position in WillScot in the 2nd quarter worth approximately $140,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in WillScot by 60.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 178,648 shares of the company’s stock worth $2,644,000 after purchasing an additional 67,298 shares during the period. Institutional investors own 49.56% of the company’s stock.

A number of equities research analysts have issued reports on the company. Deutsche Bank assumed coverage on WillScot in a research note on Monday, October 1st. They set a “buy” rating for the company. Oppenheimer boosted their price target on WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Zacks Investment Research downgraded WillScot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Morgan Stanley assumed coverage on WillScot in a research note on Monday, October 1st. They set an “overweight” rating and a $21.00 price target for the company. Finally, Barclays assumed coverage on WillScot in a research note on Monday, November 19th. They set an “equal weight” rating and a $18.00 price target for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.43.

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About WillScot

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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