WillScot Mobile Mini (NASDAQ:WSC) Given New $34.00 Price Target at Barclays

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

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

WillScot Mobile Mini Trading Down 8.1 %

WSC opened at $23.63 on Friday. WillScot Mobile Mini has a 1-year low of $21.91 and a 1-year high of $44.50. The stock has a market capitalization of $4.34 billion, a PE ratio of 157.54, a PEG ratio of 2.18 and a beta of 1.25. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The firm has a 50-day moving average price of $32.88 and a two-hundred day moving average price of $35.40.

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

WillScot Mobile Mini Announces Dividend

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

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction 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 directly owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade 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 Trading of WillScot Mobile Mini

A number of institutional investors have recently bought and sold shares of WSC. Franklin Resources Inc. increased its stake in WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after acquiring an additional 2,639,559 shares during the period. William Blair Investment Management LLC raised its stake in WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock valued at $185,831,000 after purchasing an additional 664,805 shares in the last quarter. FMR LLC increased its holdings in WillScot Mobile Mini by 12.0% in the 4th quarter. FMR LLC now owns 5,554,101 shares of the company’s stock valued at $185,785,000 after buying an additional 595,063 shares during the period. Capital International Investors raised its position in shares of WillScot Mobile Mini by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company’s stock valued at $177,544,000 after buying an additional 897,184 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of WillScot Mobile Mini by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company’s stock worth $161,641,000 after acquiring an additional 223,462 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.