Selz Capital LLC Invests $3.63 Million in WillScot Corp (WSC) Stock

Selz Capital LLC bought a new position in shares of WillScot Corp (NASDAQ:WSC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 211,582 shares of the company’s stock, valued at approximately $3,628,000. WillScot makes up 0.8% of Selz Capital LLC’s holdings, making the stock its 27th biggest position. Selz Capital LLC owned about 0.21% of WillScot as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of WSC. Wells Fargo & Company MN boosted its holdings in shares of WillScot by 32.0% in the 1st quarter. Wells Fargo & Company MN now owns 62,331 shares of the company’s stock worth $852,000 after purchasing an additional 15,111 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of WillScot in the 1st quarter worth about $1,520,000. Northern Trust Corp purchased a new position in shares of WillScot in the 1st quarter worth about $567,000. BlackRock Inc. purchased a new position in shares of WillScot in the 1st quarter worth about $3,412,000. Finally, Jane Street Group LLC purchased a new position in shares of WillScot in the 1st quarter worth about $332,000. Institutional investors and hedge funds own 40.39% of the company’s stock.

Shares of NASDAQ WSC traded down $0.13 during midday trading on Wednesday, reaching $16.49. The company had a trading volume of 15,372 shares, compared to its average volume of 443,876. WillScot Corp has a one year low of $9.45 and a one year high of $18.19. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44. The firm has a market cap of $1.72 billion and a PE ratio of -4.27.

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

A number of research firms have recently issued reports on WSC. Deutsche Bank began coverage on WillScot in a report on Monday, October 1st. They issued a “buy” rating for the company. Oppenheimer upped their price objective on WillScot from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. Zacks Investment Research cut WillScot from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Morgan Stanley began coverage on WillScot in a report on Monday, October 1st. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Credit Suisse Group began coverage on WillScot in a report on Friday, August 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. WillScot currently has a consensus rating of “Buy” and a consensus target price of $18.50.

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.

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Institutional Ownership by Quarter for WillScot (NASDAQ:WSC)

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