Here is What Hedge Funds Think About WillScot Corporation (WSC)

WillScot Corporation (NASDAQ:WSC) is now up 21.68% compared to a 12-month low of $8.21. We have seen the price to move -3.1% lower and get settled at $9.99 on 01/11/2019. At recent session, it appeared stuck in a range of $9.78 to $10.32. This company shares are 81.88% off its target price of $18.17 and the current market capitalization stands at $1.12B. The recent change has given its price a -21.1% deficit over SMA 50 and -45.08% deficit over its 52-week high. The stock witnessed -17.44% declines, -41.88% declines and -36.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WSC’s volatility during a week at 6.14% and during a month it has been found around 6.93%.

WillScot Corporation (WSC) Top Holders

Institutional investors currently hold around $538 million or 53.9% in WSC stock. Look at its top three institutional owners. Wellington Management Group Llp owns $56.45 million in WillScot Corporation, which represents roughly 5.04% of the company’s market cap and approximately 10.49% of the institutional ownership. Similar statistics are true for the second largest owner, Jpmorgan Chase & Co, which owns 5,549,338 shares of the stock are valued at $55.44 million. The third largest holder is Wells Fargo & Company/Mn, which currently holds $32.53 million worth of this stock and that ownership represents nearly 2.9% of its market capitalization.

WillScot Corporation 13F Filings

At the end of September reporting period, 76 institutional holders increased their position in WillScot Corporation (NASDAQ:WSC) by some 20,924,444 shares, 26 decreased positions by 6,559,398 and 11 held positions by 26,356,671. That puts total institutional holdings at 53,840,513 shares, according to SEC filings. The stock grabbed 36 new institutional investments totaling 10,688,554 shares while 9 institutional investors sold out their entire positions totaling 685,995 shares.

WillScot Corporation (NASDAQ:WSC) Insider Trades

Multiple company employees have indulged in significant insider trading. WillScot Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bartlett Mark S. has acquired 25,000 shares of WillScot Corporation (WSC) in trading session dated Dec. 13, 2018. These shares are worth $298,750 and were traded at $11.95 each. The SEC filing shows that Bartlett Mark S. performed a purchase of 25,000 shares. The Director added these shares by way of transaction on Dec. 13, 2018. The company’s shares were assimilated at $11.95 per share worth to an investment of some $298,750 on account of Bartlett Mark S..

Director, Sagansky Jeffrey, sold 150,000 common shares of WillScot Corporation (WSC) in the open market. In a transaction dated Dec. 12, 2018, the shares were put up for sale at an average price of $12.08, raking in a sum of $1,812,000. After this sale, 2,571,539 common shares of WSC are directly owned by the insider, with total stake valued at $25,689,675.

In the transaction dated May. 08, 2018, the great number of shares acquired came courtesy the Director; Bartlett Mark S. added a total of 25,000 shares at an average price of $12.59, amounting to approximately $314,750. The insider now directly owns 28,690 shares worth $286,613.

WillScot Corporation (WSC) Analyst Guide

Several analysts have released their opinion on WillScot Corporation (NASDAQ:WSC), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.