WillScot Mobile Mini (NASDAQ:WSC) Downgraded by Barclays

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $44.00 price target on the stock, down from their previous price target of $50.00. Barclays‘s target price indicates a potential upside of 10.55% from the company’s previous close.

A number of other brokerages have also recently issued reports on WSC. Bank of America dropped their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Oppenheimer dropped their price target on 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

WillScot Mobile Mini Stock Up 2.4 %

WSC opened at $39.80 on Thursday. The business has a 50 day simple moving average of $38.23 and a 200-day simple moving average of $39.80. 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 $7.50 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.36 and a beta of 1.36. 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 released its 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 during the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. WillScot Mobile Mini’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, equities analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost 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 approximately $5,833,263.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in WillScot Mobile Mini by 4.1% during 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 buying an additional 456,674 shares during the period. Clearbridge Investments LLC increased its stake 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 acquiring an additional 148,973 shares during the last quarter. Boston Partners lifted its holdings 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 worth $251,118,000 after acquiring an additional 2,159,958 shares during the period. William Blair Investment Management LLC boosted its position in shares of WillScot Mobile Mini by 102.9% in the second 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. Finally, Bessemer Group Inc. boosted its position in shares of WillScot Mobile Mini by 3.2% in the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock worth $197,432,000 after acquiring an additional 132,503 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.