Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $34.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price decreased by Barclays from $40.00 to $34.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Oppenheimer lowered their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini has an average rating of “Moderate Buy” and a consensus price target of $42.00.

WillScot Mobile Mini Price Performance

WSC opened at $23.63 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company’s 50 day simple moving average is $32.88 and its 200-day simple moving average is $35.46. WillScot Mobile Mini has a one year low of $21.91 and a one year high of $45.01. The stock has a market capitalization of $4.34 billion, a P/E ratio of 157.54, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The company had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. Sell-side analysts anticipate that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is presently 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the transaction, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in WillScot Mobile Mini in the 4th quarter valued at approximately $97,734,000. Franklin Resources Inc. lifted its position in shares of WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth $58,855,000. Invesco Ltd. grew its position in WillScot Mobile Mini by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock valued at $60,890,000 after purchasing an additional 1,605,436 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in WillScot Mobile Mini by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company’s stock valued at $41,117,000 after buying an additional 1,137,890 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

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.