UBS Initiates Coverage of WillScot with Neutral Rating

Fri, 10 Apr 2026 12:41:00 +0200

UBS has initiated coverage of WillScot (NASDAQ: WSC), a leading North American provider of modular space and portable storage solutions, with a neutral rating. The initiation comes as WillScot continues to design, manufacture, lease, and sell temporary and permanent modular buildings catering to sectors like education, healthcare, construction, industrial, and government. The company's modular space offerings range from small office trailers to complex multi-unit structures, alongside a portfolio of portable storage containers and related services. While the coverage initiation is a notable event, the neutral rating suggests a cautious outlook from UBS analysts.

The initiation also revealed several key institutional holdings in WillScot. Significant stakes are held by large investment firms including T. Rowe Price Investment Management Inc., Invesco Ltd., and others, with approximately 95.81% of the stock currently held by institutional investors. The company's business model focuses