Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Price Target at $45.50

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $45.50.

WSC has been the topic of a number of research reports. Barclays dropped their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 15,000 shares of company stock valued at $533,900 and sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

WillScot Mobile Mini Stock Down 1.8 %

WillScot Mobile Mini stock opened at $38.17 on Thursday. WillScot Mobile Mini has a 52 week low of $32.57 and a 52 week high of $52.16. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 347.03, a PEG ratio of 2.04 and a beta of 1.40. The company’s 50-day moving average price is $35.95 and its two-hundred day moving average price is $37.27. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 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 analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. WillScot Mobile Mini’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. On average, analysts expect that WillScot Mobile Mini will post 1.53 EPS for the current fiscal year.

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.