DA Davidson Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $54.00

WillScot Mobile Mini (NASDAQ:WSC) had its price target cut by DA Davidson from $56.00 to $54.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on WSC. Robert W. Baird dropped their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating for the company in a research report on Monday, April 22nd. Barclays lifted their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Morgan Stanley initiated coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They set an equal weight rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a buy rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus decreased their price target on WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating on the stock in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $51.00.

WillScot Mobile Mini Stock Up 3.1 %

WillScot Mobile Mini stock opened at $40.57 on Tuesday. The stock’s 50 day moving average price is $42.75 and its 200 day moving average price is $42.99. The company has a market cap of $7.71 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. WillScot Mobile Mini has a 1-year low of $34.40 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, sell-side analysts predict that WillScot Mobile Mini will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now directly owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently bought and sold shares of WSC. Bourgeon Capital Management LLC grew its stake in shares of WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 585 shares in the last quarter. Quarry LP purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $38,000. TFO Wealth Partners LLC raised its position in shares of WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after purchasing an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of WillScot Mobile Mini during the 1st quarter valued at approximately $55,000. Finally, Principal Securities Inc. acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

About WillScot Mobile Mini

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.