Baird R W Downgrades WillScot Mobile Mini (NASDAQ:WSC) to Hold

Baird R W cut shares of WillScot Mobile Mini (NASDAQ:WSC) from a strong-buy rating to a hold rating in a report released on Thursday, Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Bank of America cut their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $50.00 to $44.00 in a report on Thursday, September 19th. Finally, Stifel Nicolaus lowered 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Stock Up 3.7 %

NASDAQ:WSC opened at $38.97 on Thursday. WillScot Mobile Mini has a 1-year low of $33.23 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s 50-day moving average price is $37.97 and its 200-day moving average price is $38.38. The company 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.

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

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently bought and sold shares of WSC. Norden Group LLC boosted its position in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock valued at $6,014,000 after purchasing an additional 123,662 shares in the last quarter. Sunbelt Securities Inc. grew its position in WillScot Mobile Mini by 15,389.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after purchasing an additional 53,400 shares during the last quarter. Sei Investments Co. increased its stake in WillScot Mobile Mini by 74.4% during the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after purchasing an additional 273,431 shares in the last quarter. Swedbank AB lifted its stake in shares of WillScot Mobile Mini by 15.7% during the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after buying an additional 133,000 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in shares of WillScot Mobile Mini by 81.2% during the first quarter. Hood River Capital Management LLC now owns 73,405 shares of the company’s stock valued at $3,413,000 after buying an additional 32,900 shares during 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.