WillScot Mobile Mini (NASDAQ:WSC) Given New $40.00 Price Target at Barclays

WillScot Mobile Mini (NASDAQ:WSC) had its price target trimmed by Barclays from $44.00 to $40.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Oppenheimer lowered their price objective on shares of 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. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $35.00 in a research note on Thursday. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Bank of America reduced 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Price Performance

NASDAQ:WSC traded up $3.40 during midday trading on Friday, hitting $36.54. The company had a trading volume of 8,952,897 shares, compared to its average volume of 3,026,656. WillScot Mobile Mini has a 52-week low of $32.71 and a 52-week high of $52.16. The stock’s fifty day moving average price is $37.97 and its 200-day moving average price is $38.27. The company has a market capitalization of $6.89 billion, a PE ratio of 332.21, a P/E/G ratio of 1.08 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million during 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%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. As a group, research analysts expect that WillScot Mobile Mini will post 1.73 earnings per share for the current year.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated 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 directly owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in WillScot Mobile Mini by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after acquiring an additional 456,674 shares during the period. Clearbridge Investments LLC raised its position in shares of WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after purchasing an additional 148,973 shares during the period. Boston Partners raised 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 purchasing an additional 2,159,958 shares during the period. William Blair Investment Management LLC raised its position 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 valued at $174,796,000 after purchasing an additional 2,355,445 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of WillScot Mobile Mini by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after purchasing an additional 132,503 shares during the period. 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.