WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $45.50 Average Price Target from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.50.

Several equities research analysts have weighed in on the stock. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays decreased their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th.

Insider Activity

In related news, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of WillScot Mobile Mini during the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC grew its holdings in WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. bought a new stake in WillScot Mobile Mini in the third quarter valued at approximately $36,000. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after acquiring an additional 655 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Stock Up 1.9 %

NASDAQ:WSC opened at $33.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini has a 12-month low of $32.57 and a 12-month high of $52.16. The stock’s fifty day simple moving average is $36.34 and its 200-day simple moving average is $37.42. The firm has a market capitalization of $6.27 billion, a P/E ratio of 308.66, a P/E/G ratio of 2.12 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts expect that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

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.