WillScot Mobile Mini (NASDAQ:WSC) Lowered to “Neutral” at Robert W. Baird

Robert W. Baird cut shares of WillScot Mobile Mini (NASDAQ:WSC) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have $42.00 target price on the stock.

WSC has been the topic of several other reports. Bank of America dropped their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. DA Davidson reduced 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 note on Monday, August 5th. Stifel Nicolaus dropped their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Stock Down 0.7 %

Shares of WillScot Mobile Mini stock opened at $37.57 on Thursday. WillScot Mobile Mini has a 1 year low of $33.23 and a 1 year high of $52.16. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.23 and a beta of 1.35. The company has a 50-day moving average of $37.91 and a 200 day moving average of $38.44. 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 (NASDAQ:WSC) last announced its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. During the same period in the prior year, the business posted $0.43 EPS. WillScot Mobile Mini’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors have recently made changes to their positions in WSC. Baupost Group LLC MA bought a new stake in WillScot Mobile Mini during the second quarter valued at approximately $92,971,000. William Blair Investment Management LLC boosted its stake in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after acquiring an additional 2,355,445 shares during the last quarter. Swedbank AB boosted its stake in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares during the last quarter. Boston Partners grew its position in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after acquiring an additional 2,159,958 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after purchasing an additional 2,063,746 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

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.