Weekly Research Analysts’ Ratings Changes for WillScot Mobile Mini (WSC)

WillScot Mobile Mini (NASDAQ: WSC) recently received a number of ratings updates from brokerages and research firms:

• 10/31/2024 – WillScot Mobile Mini had its price target lowered by analysts at Robert W. Baird from $42.00 to $38.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – WillScot Mobile Mini was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $35.00 price target on the stock, down previously from $46.00.
• 10/24/2024 – WillScot Mobile Mini was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $42.00 price target on the stock.
• 10/24/2024 – WillScot Mobile Mini was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating.
• 9/19/2024 – WillScot Mobile Mini was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $44.00 price target on the stock, down previously from $50.00.

WillScot Mobile Mini Stock Down 14.8 %

WillScot Mobile Mini stock opened at $33.14 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The firm has a market cap of $6.30 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.25 and a beta of 1.35. The business has a fifty day moving average of $38.01 and a two-hundred day moving average of $38.29. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share 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 the consensus estimate of $617.83 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Several hedge funds have recently modified their holdings of the stock. Baupost Group LLC MA acquired a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at $92,971,000. William Blair Investment Management LLC increased its holdings 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 valued at $174,796,000 after purchasing an additional 2,355,445 shares during the period. Swedbank AB raised its stake in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Boston Partners raised its stake in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of WillScot Mobile Mini by 112.0% during the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after purchasing an additional 2,063,746 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.