WillScot Mobile Mini (NASDAQ:WSC) Lowered to Hold at Baird R W

Baird R W downgraded shares of WillScot Mobile Mini (NASDAQ:WSC) from a strong-buy rating to a hold rating in a report released on Thursday, Zacks.com reports.

WSC has been the subject of several other research reports. Robert W. Baird cut WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Thursday. Oppenheimer decreased their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Bank of America dropped their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson decreased their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

WillScot Mobile Mini Stock Down 0.7 %

NASDAQ:WSC opened at $37.57 on Thursday. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. WillScot Mobile Mini has a one year low of $33.23 and a one year high of $52.16. The firm’s 50 day simple moving average is $37.91 and its 200 day simple moving average is $38.44. The company has a market cap of $7.15 billion, a PE ratio of 23.19, a P/E/G ratio of 1.23 and a beta of 1.35.

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 analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. On average, research analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On WillScot Mobile Mini

A number of large investors have recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings 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 worth $69,000 after buying an additional 432 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 485 shares during the last quarter. Arizona State Retirement System lifted its position in WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares in the last quarter. Park Place Capital Corp lifted its position in WillScot Mobile Mini by 29.3% in the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after acquiring an additional 534 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after purchasing an additional 600 shares during the last quarter. 95.81% of the stock is currently owned by 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.