WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Lowered by Robert W. Baird

Robert W. Baird lowered shares of WillScot Mobile Mini (NASDAQ:WSC) from an outperform rating to a neutral rating in a report issued on Thursday, Marketbeat reports. The firm currently has $42.00 price target on the stock.

A number of other research firms also recently commented on WSC. Bank of America reduced their target price on 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. DA Davidson decreased their target price on shares of 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. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $38.97 on Thursday. The company has a fifty day moving average of $37.97 and a two-hundred day moving average of $38.38. WillScot Mobile Mini has a fifty-two week low of $33.23 and a fifty-two week high of $52.16. The stock has a market capitalization of $7.41 billion, a PE ratio of 24.06, a P/E/G ratio of 1.23 and a beta of 1.35. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. As a group, research analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of WillScot Mobile Mini by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after purchasing an additional 456,674 shares during the period. Clearbridge Investments LLC grew its position in WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after buying an additional 148,973 shares during the last quarter. Boston Partners boosted its position in shares of WillScot Mobile Mini by 66.0% in 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 holdings in shares of WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after acquiring an additional 2,355,445 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of WillScot Mobile Mini by 3.2% in the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after acquiring an additional 132,503 shares in the last quarter. 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.