Robert W. Baird Has Lowered Expectations for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC) had its price objective cut by equities research analysts at Robert W. Baird from $42.00 to $38.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential downside of 2.26% from the company’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus cut their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday. Bank of America cut their target price on 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. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, DA Davidson cut their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.40.

WillScot Mobile Mini Trading Down 0.7 %

WSC opened at $38.88 on Thursday. WillScot Mobile Mini has a 52 week low of $33.23 and a 52 week high of $52.16. The company has a market capitalization of $7.39 billion, a P/E ratio of 24.00, a PEG ratio of 1.25 and a beta of 1.35. The stock’s fifty day moving average is $38.10 and its two-hundred day moving average is $38.33. 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 (NASDAQ:WSC) last released its quarterly earnings data 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 7.77% and a return on equity of 24.27%. The firm had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in WillScot Mobile Mini by 30.8% during the second quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock valued at $69,000 after buying an additional 432 shares during the period. Salvus Wealth Management LLC raised its holdings in WillScot Mobile Mini by 1.0% in the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after purchasing an additional 485 shares during the period. Arizona State Retirement System boosted its position in WillScot Mobile Mini by 1.0% during the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock worth $2,002,000 after purchasing an additional 520 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in WillScot Mobile Mini by 11.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after acquiring an additional 624 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.