WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $38.00 at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its target price cut by Robert W. Baird from $42.00 to $38.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on the company. Oppenheimer dropped their price target on 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. DA Davidson dropped their target price on 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. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday. Bank of America lowered their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has an average rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Trading Up 10.3 %

NASDAQ:WSC opened at $36.54 on Thursday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.83. The business’s 50-day simple moving average is $37.97 and its 200-day simple moving average is $38.26. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The stock has a market capitalization of $6.89 billion, a PE ratio of 332.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results 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). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the firm posted $0.46 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that WillScot Mobile Mini will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini in the third quarter worth approximately $25,000. Hexagon Capital Partners LLC boosted its position in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini during the third quarter valued at approximately $36,000. Fidelis Capital Partners LLC bought a new stake in WillScot Mobile Mini during the first quarter worth $55,000. Finally, Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini in the 2nd quarter valued at $56,000. 95.81% of the stock is currently owned by institutional investors.

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.