WillScot Mobile Mini’s (WSC) “Outperform” Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of WillScot Mobile Mini (NASDAQ:WSC) in a research note published on Monday, Benzinga reports. Oppenheimer currently has a $53.00 target price on the stock, down from their prior target price of $60.00.

Several other equities research analysts have also weighed in on WSC. Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a buy rating to a hold rating and dropped their price target for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Wells Fargo & Company increased their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Stifel Nicolaus cut their target price 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. Finally, Morgan Stanley began coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an equal weight rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of Moderate Buy and a consensus target price of $51.00.

WillScot Mobile Mini Stock Up 3.1 %

Shares of NASDAQ:WSC opened at $40.57 on Monday. The company’s fifty day moving average is $42.75 and its two-hundred day moving average is $42.99. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini has a 1-year low of $34.40 and a 1-year high of $52.16. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million during the quarter, compared to the consensus estimate 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 was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Equities analysts anticipate that WillScot Mobile Mini will post 1.93 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 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, with a total value of $192,200.00. Following the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $38.44 per share, for a total transaction of $192,200.00. Following the transaction, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini 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 transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds have recently bought and sold shares of WSC. Bourgeon Capital Management LLC grew its holdings 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 buying an additional 585 shares in the last quarter. Quarry LP bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $38,000. TFO Wealth Partners LLC lifted its stake 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 during the last quarter. Fidelis Capital Partners LLC bought a new stake in WillScot Mobile Mini in the first quarter worth $55,000. Finally, Principal Securities Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth $71,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.