Analysts Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) PT at $45.50

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.50.

Several research analysts have recently commented on WSC shares. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird cut their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays cut their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th.

WillScot Mobile Mini Trading Down 0.6 %

Shares of WSC opened at $38.86 on Thursday. The business’s 50-day moving average price is $35.95 and its 200-day moving average price is $37.26. WillScot Mobile Mini has a twelve month low of $32.57 and a twelve month high of $52.16. The stock has a market cap of $7.18 billion, a PE ratio of 353.30, a P/E/G ratio of 2.04 and a beta of 1.40. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC raised its holdings in WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after purchasing an additional 148,973 shares in the last quarter. State Street Corp raised its holdings in WillScot Mobile Mini by 2.3% in the third quarter. State Street Corp now owns 3,346,779 shares of the company’s stock worth $125,839,000 after purchasing an additional 74,212 shares in the last quarter. Swedbank AB raised its holdings in WillScot Mobile Mini by 3.0% in the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock worth $111,188,000 after purchasing an additional 98,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in WillScot Mobile Mini by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after purchasing an additional 411,808 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in WillScot Mobile Mini by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company’s stock worth $57,647,000 after purchasing an additional 43,747 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.