Robert W. Baird Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $45.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective reduced by analysts at Robert W. Baird from $55.00 to $45.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 19.11% from the company’s current price.

A number of other research firms have also weighed in on WSC. Wells Fargo & Company upped their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Oppenheimer boosted their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Barclays upped their price objective on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley started coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They set an “equal weight” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.13.

WillScot Mobile Mini Trading Down 0.6 %

Shares of WillScot Mobile Mini stock opened at $37.78 on Monday. The stock has a market cap of $7.18 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.91 and a beta of 1.34. The stock’s 50 day simple moving average is $45.28 and its 200-day simple moving average is $43.29. WillScot Mobile Mini has a 1-year low of $34.40 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Analysts predict that WillScot Mobile Mini will post 1.98 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of large investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of WillScot Mobile Mini by 65.5% during the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the last quarter. SG Americas Securities LLC grew its stake in WillScot Mobile Mini by 112.9% in the 3rd quarter. SG Americas Securities LLC now owns 9,026 shares of the company’s stock valued at $375,000 after buying an additional 4,786 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in WillScot Mobile Mini by 51.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 11,165 shares of the company’s stock valued at $464,000 after purchasing an additional 3,804 shares during the period. Avior Wealth Management LLC boosted its holdings in WillScot Mobile Mini by 13.3% in the 3rd quarter. Avior Wealth Management LLC now owns 13,546 shares of the company’s stock valued at $563,000 after purchasing an additional 1,586 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its holdings in WillScot Mobile Mini by 14.6% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 131,779 shares of the company’s stock valued at $5,481,000 after purchasing an additional 16,794 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.