WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $47.90 Average PT from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $47.90.

WSC has been the subject of several recent analyst reports. Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Barclays cut shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, September 19th. Bank of America lowered their target price 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. Finally, Stifel Nicolaus cut 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 research report on Friday, August 2nd.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $40.99 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s 50 day moving average is $38.27 and its 200-day moving average is $39.61. WillScot Mobile Mini has a 12-month low of $33.23 and a 12-month high of $52.16. The stock has a market capitalization of $7.80 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.36 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $614.85 million. During the same quarter last year, the company posted $0.43 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that WillScot Mobile Mini will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brevan Howard Capital Management LP acquired a new position in WillScot Mobile Mini during the fourth quarter valued at approximately $2,268,000. Norden Group LLC increased its holdings in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after buying an additional 123,662 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in WillScot Mobile Mini during the fourth quarter worth $14,196,000. Sei Investments Co. lifted its stake in WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after acquiring an additional 273,431 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in shares of WillScot Mobile Mini by 1,480.8% in the 4th quarter. Bank of Nova Scotia now owns 169,308 shares of the company’s stock valued at $7,534,000 after acquiring an additional 158,598 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.