Robert W. Baird Downgrades WillScot Mobile Mini (NASDAQ:WSC) to Neutral

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $42.00 price objective on the stock. Robert W. Baird’s price objective would suggest a potential upside of 7.78% from the stock’s previous close.

Other analysts also recently issued reports about the company. Oppenheimer dropped their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Bank of America reduced their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. DA Davidson lowered their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $47.60.

WillScot Mobile Mini Trading Up 3.7 %

Shares of WillScot Mobile Mini stock opened at $38.97 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini has a 12-month low of $33.23 and a 12-month high of $52.16. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.23 and a beta of 1.35. The firm’s 50-day moving average price is $37.97 and its two-hundred day moving average price is $38.41.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several institutional investors have recently added to or reduced their stakes in WSC. Price T Rowe Associates Inc. MD lifted its holdings in WillScot Mobile Mini by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after buying an additional 456,674 shares during the period. Clearbridge Investments LLC lifted its stake in shares of WillScot Mobile Mini by 2.6% in the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after purchasing an additional 148,973 shares during the period. Boston Partners boosted its position in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in WillScot Mobile Mini by 3.2% during the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock worth $197,432,000 after purchasing an additional 132,503 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Company Profile

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.